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Business/Financial

Taiclet Wants Parallel DoD Acquisition Lane For Digital Technology Insertion

By Cal Biesecker

Wednesday, October 4th, 2023

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Taiclet Wants Parallel DoD Acquisition Lane For Digital Technology Insertion

James Taiclet, chairman, president and CEO of Lockheed Martin. Photo: Lockheed Martin

The acquisition process for typical programs of record is drawn out but has proven successful yet for the Defense Department to take advantage of advances in digital technologies that evolve rapidly the Pentagon needs to establish a “separate and parallel path” be able to insert these technologies quickly and regularly into its physical platforms, Lockheed Martin’s [LMT] top executive said on Wednesday. New digital technologies are introduced in weeks and months and that constant cycle cannot be matched by the…

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