On Jan 9, Forward Defense senior fellow Steve Grundman was quoted in Cheddar News on the risks associated with fixed-price development contracts in the defense industry.
The Pentagon will be more cautious about programs that it thinks [lend themselves to] an efficient and effective fixed-price contract type. And contractors will be more discerning about the readiness of their engineering chops and the ability of their balance sheets to absorb risk.
Forward Defense develops and shapes policy solutions that build US military power to deter war and secure the future.
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