Congress is tightening the purse strings on the aerospace and defense industry's revenue stream with new efforts to push contracting performance, reaffirm the use of award and incentive fees and even recompete programs when they breach cost estimates. Besides having to squeeze more out of plateauing military budgets, the new standards--part of the Fiscal 2007 defense authorization measure--reflect growing congressional concern over program spending while the country is at war. The ...


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