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Business/Financial

Rapidly Changing Environment Needs Streamlined Contracting, Raytheon Exec Says

DDN

Thursday, November 1st, 2007

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By Ann Roosevelt The United States should keep an eye on acquisition developments around the world, but streamlining the process at home would help in a rapidly changing environment, according to a Raytheon [RTN] executive. "I don't think we need to reinvent contract vehicles," Smith said. "We have plenty of contract vehicles--maybe we have too many contract vehicles--because it's often confusing for those trying to buy," Daniel Smith, Raytheon vice president and president of Integrated Defense Systems (IDS), said in…

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