TIP LINE – Edition 13 – Executive Order: Prioritizing the Warfighter in Defense Contracting
In this week’s Capital Edge Tip Line, CEO Chad Braley dives deeper into what defense contractors should know about the January 7th Executive Order (EO), titled “Prioritizing the Warfighter in Defense Contracting.”
Key Updates from This Week’s Tip Line
What You Need To Know
What’s happening? The January 7th Executive Order (EO), titled “Prioritizing the Warfighter in Defense Contracting,” gives The Secretary of War the ability to identify government contractors considered underperforming, including issues related to schedule delays, cost overruns, and quality concerns.
What’s being discussed?
- Potential implications: Companies that have historically prioritized profits over performance may face restrictions on buying back stock or issuing dividends, along with potential additional limits on executive compensation.
- Review framework: A standard regulatory review framework has not been outlined; however, areas under consideration include investment, modernization, performance, timeliness, and quality.
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