It is perhaps the most cynical joke in the information-technology industry: “On time. On budget. On specification. “Choose two.” In defense contracting, all too often, the customer can choose only one. Or none. In Australia over the past decade, defense officials must have become increasingly aware that when the country buys mature U.S. systems through the Foreign Military Sales (FMS) process, it can choose all three. Or even better than three. The FMS purchase of seven ...

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