Government contractors: can trust be restored?
The defense industry has regarded itself as a "trusted
partner" of the Pentagon, but in recent years the relationship has
been strained as multibillion-dollar programs ran over budget and behind
schedule. The tipping point came a year ago with the release of a GAO
report that documented nearly $300 billion in cost overruns in top
defense programs. Complicating the situation for the industry is the
Obama administration's anti-lobbyist push, which has made it far
more difficult for the industry to reach out and try to mend fences.
"There is pent-up frustration in Congress and the Defense
Department that industry has not delivered their share of the
bargain," says one industry executive. The industry will need to
show that it wants to help, he says. "Digging our heels will not
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