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“We learned in 2016 that recovering from artificial cuts is more expensive than getting it right in the first place,” David Norquist, NDIA's president and CEO, told Breaking Defense.
“I'm worried about the small supplier who signed a firm, fixed-price contract. It's got 50 employees, and all of a sudden is dealing with 11 percent, inflation,” said Pentagon acquisition executive Bill LaPlante. "How do we deal with that company? We don't want those companies to go out of business."
The former No. 2 official at the Pentagon believes the department is going to have to get creative as inflation puts long-term contracts at risk.
“You always have to be careful when we streamline a process,” David Norquist, recently installed as president and CEO of the National Defense Industrial Association, told Breaking Defense.
Kea Matory, director of legislative policy at NDIA, told Breaking Defense the bill is a "positive first step" but won't solve America's semiconductor chip woes in the face of growing competition from China.