Two daunting problems face the Obama administration as it crafts a Pentagon acquisition strategy: a dearth of skilled program overseers and a consolidated industrial marketplace. These issues—fostered by a faster-better-cheaper procurement philosophy in the 1990s—are making the challenge of keeping multibillion-dollar programs at cost and on schedule ever harder, says the top Air Force weapons buyer. Amid a recession, the pressure is on at the Pentagon to spend its money more ...

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