Military Spending, DOD Contracts, National Defense $$$$

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Congress Says Navy Hiding Information on Sub Pricing in New Defense Policy Bill​

December 9, 2024 6:43 PM

A bipartisan group of lawmakers is accusing the Navy of withholding information from Congress about funding strategies and cost increases for nuclear-powered submarines, according to draft report language accompanying the final defense policy bill.

The House and Senate over the weekend unveiled a deal for the Fiscal Year 2025 National Defense Authorization Act that claims the Navy worked out a deal with defense contractors to address cost growth on submarines without notifying lawmakers and the White House.

“We are concerned with the lack of transparency that has occurred between the Navy and Congress over the last 18 months,” reads the joint explanatory statement accompanying the legislation.
“The Navy negotiated a funding strategy with industry that would have addressed cost growth, future cost to complete, workforce wage increases and infrastructure investments at both shipyards. The Navy did this in isolation and failed to not only inform Congress but also the Office of Management and Budget.”

More:

 

GAO Report on DoD Aquisition Reform​

December 13, 2024 9:28 AM

The following is the Dec. 12, 2024, Government Accountability Office report DoD Aquisition Reform, Military Departments Should Take Steps to Facilitate Speed and Innovation.

From the report

What GAO Found

The Department of Defense (DOD) revamped its acquisition policies in 2020, with the intent to deliver innovative technologies to the user more quickly. These reforms, known collectively as the “adaptive acquisition framework,” established four pathways that weapon system acquisition programs can follow: urgent capability, middle tier, major capability, and software.

More:

 
Cookies are required to use this site. You must accept them to continue using the site. Learn more…