What Happened
Congress Overhauls Acquisition Process with $900 Billion Budget
The US Congress has passed the FY 2026 NDAA’s SPEED Act, which revolutionizes the defense procurement process. The act introduces expedited pathways for innovative solutions, prioritizes commercial-off-the-shelf products over custom builds, and introduces multiyear contracts and subscription services. This overhaul is expected to have a significant impact on the US defense industrial base, with a focus on speed and innovation. According to various experts, this change may benefit companies that can adapt quickly to the new acquisition process, while posing challenges for traditional contractors. The SPEED Act was first reported by Unknown Source.