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Pentagon

Northrop Grumman CEO: New IRAD Rules Could Have ‘Unintended Consequences’

Valerie Insinna

Tuesday, May 26th, 2015

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Northrop Grumman CEO: New IRAD Rules Could Have ‘Unintended Consequences’

Northrop Grumman Chairman and CEO Wes Bush. Photo: Northrop Grumman

The Pentagon’s new requirements for independent research and development (IRAD) could impede industry’s ability to move quickly on interesting and innovative technologies, Northrop Grumman’s [NOC] CEO said today.The Better Buying Power 3.0 guidance released this April would increase Defense Department oversight over government-funded IRAD dollars, requiring companies to have a department sponsor sign off on an IRAD project and submit a written report at its completion. Northrop Grumman CEO Wes Bush agrees that the defense industry and Pentagon need to improve…

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