Fostering One Strong Industrial Base On 14 September 2026, the Deputy Secretary of War issued Fostering One Strong Industrial Base, directing reforms to make defense acquisition faster, simpler, and more competitive. Key initiatives include greater use of GAAP in place of government-unique Cost Accounting Standards (CAS), streamlined commerciality determinations, expanded use of Other Transactions, modernization of profit and contractor business-system policies, and reduced acquisition requirements that lack a clear statutory or regulatory basis. Many of these reforms require follow-on policies, deviations, or rulemaking. Supplier Cost and Pricing Transparency On 18 August 2026, the Deputy Secretary of War issued the Supplier Cost and Pricing Transparency memorandum, establishing increased expectations for cost… Read More
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