Scott Maucione: DoD faces $17B shortfall in FY 2017

Frank Kendall, the undersecretary of Defense Acquisition, Technology and Logistics, said he's got the numbers. They show his Better Buying Power initiatives are...

Scott Maucione, DoD reporter, Federal News Radio

Frank Kendall, the undersecretary of Defense Acquisition, Technology and Logistics, said he's got the numbers. They show his Better Buying Power initiatives are working. Kendall said annual contract costs have declined since the reforms were put into place. Even so, he said  DoD is still facing a $17 billion shortfall for fiscal 2017. Multiple defense officials have said modernization will take a hit in order to make up for the loss in funds. Federal News Radio's Scott Maucione shared the latest on Federal Drive with Tom Temin. Read Scott's related story.

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