Week ahead: Pentagon buying reforms coming soon


Acquisition reform will be in the spotlight as the chairman of the House Armed Services Committee unveils his plans for the upcoming annual defense policy bill.

Rep. Mac Thornberry (R-Texas) will outline his acquisition reform proposal at a speech Tuesday at the Brookings Institution.

He plans to introduce his proposal as standalone bill, elicit feedback and then fold it into the 2017 National Defense Authorization Act (NDAA).

Thornberry has said his proposal will focus on two areas: allowing the Pentagon to experiment with new technologies and clarifying the responsibilities of each of the different officials involved in buying decisions: the Office of the Secretary of Defense and the Office of the Under Secretary of Defense for Acquisition, Technology and Logistics.

The latter topic was addressed in the 2016 defense bill, but Thornberry wants to do more in the upcoming legislation.

“In a lot of respects, I’m looking at going back to basics here,” he told reporters earlier this month. “Adding bureaucracy to deal with a problem is usually not a very good answer.”

On experimentation, he wants the Pentagon to have more latitude to experiment with technology without it being a so-called program of record.

http://thehill.com/policy/defense/272693-week-ahead-pentagon-buying-reforms-coming-soon

GE Completes Alstom Power Acquisition


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General Electric Co. on Monday said it had wrapped up its long-running acquisition of Alstom SA’s power business, following months of tough negotiations with European regulators and marking one of GE’s biggest deals.

GE, which has been shifting back to an industrial base and is in the process of shedding its banking business, first offered to buy Alstom in April 2014 for about $13.5 billion. The value of the transaction has since fallen to $9.5 billion on account of joint energy ventures announced last year, changes in the deal structure, price adjustments for the remedies and net cash at close.

http://www.wsj.com/articles/ge-completes-alstom-power-acquisition-1446477255

SPECIAL REPORT: ISIS ACQUISITION OF A NUCLEAR TSUNAMI


obama-1-isis This remark epitomizes the aloof culture in Washington to a growing reality now expanding into Europe and quietly lurking within the United States.

However, we should be so lucky if Obama’s comments were just careless rhetoric.

The explosive report that more than 50 Defense Intelligence Agency analysts had their data embellished by Centcom is now being investigated by a Congress a record number of Americans, according to a new Gallup poll, believe is riddled with corruption.

In what appears to be a lost Twilight Zone episode, Russia’s Vladimir Putin is stepping up to fight Obama’s Jayvee team in Syria.

http://www.infowars.com/special-report-isis-acquisition-of-a-nuclear-tsunami/