Many senior defense industry leaders say the Pentagon’s acquisition reform is “noble,” but few appear convinced that real change to a burdensome—and some say broken—procurement process is on the horizon. One executive goes so far as to say the acquisition reform initiative is a “facade.” Another predicts the Pentagon will “get the budget reductions [desired], but I don’t think they’ll get the acquisition reform” to change dynamics that are pushing weapon system costs up, prompting ...

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