Aerospace Industries Association President and CEO Eric Fanning today released the following statement on the Department of War’s new memorandum, Fostering One Strong Industrial Base”:
“The Aerospace Industries Association welcomes the Pentagon’s efforts to lower barriers to entry, increase competition, and make it easier for companies to do business with the military. Many of the reforms outlined in this memorandum, including streamlining business systems requirements and continuing the shift from Cost Accounting Standards toward Generally Accepted Accounting Principles, reflect priorities AIA has long supported and helped advance. At the same time, some aspects, particularly continued demands for extensive cost and pricing data, could undermine the Department’s broader objective of attracting more companies, capital, and innovation into the defense industrial base. We look forward to working together to ensure Pentagon policies deliver the speed, transparency, and competitiveness they seek, while preserving the conditions that enable industry to invest, innovate, and grow.”
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