Analysis of military contracting procedures.

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Author
O'Connor, William Joseph Michael
Date
1965-04Advisor
Stromsen, Karl
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Show full item recordAbstract
Nearly one -third of the annual budget of the Department of Defense
is spent for the research, development, and production of weapons systems.
All but a very small fraction of these activities are carried out by private
industry under contract with the government. Over the years this contractual
relationship has given birth to the so-called defense industry- -an
industry which in 1963 accounted for 3 per cent of the gross national
product. No other industry is subject to as much governmental control as is
the defense industry. These controls stem from many different motives.
Some are designed to protect the public purse from being drained by payments
of excessive or fraudulent profits. Others have as their purpose
the furtherance of social or economic objectives. Still others are concerned
with providing contractors with incentives to improve their performance.
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