No. of Recommendations: 1
Issue ZERO contracts until they know what CAN be delivered in a defined timeframe.
For years, on the Fool, I suggested that the civilian and flag rank officers at DoD have one ambition: get a cush gig at a defense contractor, and make lots of money. Meanwhile, the contractors have one ambition: make lots of profit. Actually building anything is secondary, if a consideration at all. So, everyone agrees to milk the "development" program, and milk it, and milk it. Look at the "development" time for the F-16, vs that of the F-35. How many B-2s did we get, for the money spent on "development"? How many Zumwalt class destroyers did we get, for the money spent on "development"? We can't get anything built in this country, except profits.
Steve
