DoD Business Panel Proposes $125B in Savings

WASHINGTON — The Pentagon’s Defense Business Board (DBB) issued a series of recommendations on Jan. 22 calling on the Defense Department to slash $125 billion in spending over the next five years by reducing services from contractors, implementing early retirements, reworking contracts and reducing administrative costs.

The report comes at the direction of Deputy Defense Secretary Bob Work, whose October 2014 memo to the civilian panel instructed it to form a Task Group “to review and recommend changes to the Department’s current plans for enterprise modernization.”

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