Consolidation is beginning to pay big dividends in our efforts to commit more resources to modernization. Yet, while encouraging consolidations, we have insisted upon maintaining competition. Naturally, as consolidation increases, maintaining adequate competition becomes increasingly difficult. And, this has resulted, as you know, in our decision to resist some mergers such as the Lockheed-Northrup merger and the recently proposed acquisitions of Newport News first by General Dynamics and then by Litton. The key to our policy on domestic consolidation is to understand the need for maintaining competition.
Competition drives increased efficiency, and, most important, promotes innovation.
Specialized Accounting and Auditing . Commercial versus Military Specifications . Specialized Government Procurement Rules . FASA and FARA were major steps in reducing the barriers to government procurement of commercial and commercial-like goods and services. Unique Defense Logistics .