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Profit tied to cost controls?

<strong>WASHINGTON.</strong> Defense contractors can increase profits if theyreduce costs on major weapons programs under an initiative unveiledyesterday by Defense Secretary Robert Gates.

WASHINGTON. Defense contractors can increase profits if they reduce costs on major weapons programs under an initiative unveiled yesterday by Defense Secretary Robert Gates. The program calls for the Pentagon to potentially raise payments for meeting contractual targets, in­crease the use of fixed-priced contracts (that award more profit if programs come in under budget) and reward contractors for reducing supplier costs.

 
 
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