Members of the military are burdened by credit card debt, loans and mortgages, but they still seem to be handling their finances better than their civilian counterparts, according to a report by the Financial Industry Regulatory Authority (FINRA) Foundation.
Navy moves to centralize its contracting and payment processes for overseas husbanding services after its investigators find tens of millions of dollars in overcharges resulting from bribes.
Under an agreement signed Thursday, the Air Force will use OASIS as its default option for professional service contracts. The service agrees to spend at least $500 million under the multiple award contract.
On this week's Capital Impact show, Bloomberg Government analysts will discuss how the budget deal will affect next year's government funding,and how budget cuts are affecting U.S. defense industrial capabilities. December 19, 2013
Bill Greenwalt, visiting fellow at the American Enterprise Institute, was Francis Rose's guest on Pentagon Solutions.
Undersecretary for Acquisition, Technology and Logistics Frank Kendall the update to Instruction 5000.02 incorporates Better Buying Power principles, such as making cutting costs fundamental for program managers.
Top Air Force officials say lower budgets will force them to propose cuts Congress won't like. But if lawmakers insist on protecting politically-favored programs, money will have to come from somewhere else.
The Air Force's Service Development and Delivery Process aims to deliver data hosting, enterprise management, security and other IT functions as standards-based services to be used by the entire organization.
Air Force officials announced Wednesday the force plans to cut about 900 civilian positions in 2014. It will encourage eligible civilian employees to leave voluntarily. The force also plans to cut thousands of service members over the next five years.
Any relief the Air Force gets from a pending budget deal will be pushed into rebuilding lost military readiness, not bolstering investment programs, a top acquisition official said Wednesday.
The annual policy legislation also doesn't merge the DoD CIO and deputy chief management officer.
Kristen Baldwin, the principal deputy in the office of the deputy assistant secretary of defense for systems engineering, and Alan Chvotkin, the executive vice president and counsel at the professional services council, offer insight on a new rule that requires contractors are also required to notify DoD when they detect that cyber criminals or other unauthorized intruders have stolen data from their systems.
Congress is poised, for the first time since Dwight D. Eisenhower was president, to miss its deadline to pass the one policy bill that's been considered "must-pass" legislation under administrations of both parties. But the measure's only chance of success also torpedoes Pentagon proposals for cutting DoD's internal cost growth. Military personnel would receive a 1 percent pay raise next year.
The Senior Executives Association sent a letter to Defense Secretary Chuck Hagel on Dec. 5 criticizing recently released guidance that reduced pay pool amounts for the Fiscal Year 2013 performance awards for members of the Senior Executives Service.
The stresses and trauma of war are not limited to military personnel on the battlefield. Defense contractors exposed to combat zones exhibit similar rates of mental health problems as members of the military, according to a report by RAND Corporation.