Pentagon Opens New Front to Combat Wasteful Spending

As Pentagon procurement chief Frank Kendall works to rein in wasteful military spending, he is promoting what qualifies in the defense sector as a novel concept: contractors should make more profit when they meet deal terms than when they perform poorly. On Friday, the Pentagon published a central part of his efforts, a study that examines 150 defense deals and breaks down for the first time the performance of major contractors in delivering programs on time, and on budget.

See the full article at The Wall Street Journal