What Happened
New Guidelines Use Commercial Benchmarks To Determine Profit
The Pentagon is overhauling its contractor profit policy, directing contracting officers to use commercial-sector benchmarks and consider factors such as private investment, execution risk, and value delivered. Lockheed Martin has unveiled a new missile interceptor, the PAC-3 Edge, which has been selected to advance in the Army’s Future Interceptor program. The Pentagon has also awarded Raytheon a potential $6.3 billion contract to manufacture Standard Missile-3 Block IB interceptors. These developments were reported by InsideDefense.com.