Under secretary. And the civilian officials from the army. Air force and navy. They discussed military readiness and modernization efforts. This is about two hours. [ inaudible conversations ] Armed Services Committee Meets today to receive testimony on the Department Reform effort. We welcome our witnesses ellen lord under secretary of defense for technology. Mark es per. Secretary of the army. Heather wilson secretary of the air force. And james gerts assistant secretary of the navy for research and development. Acquisition reform is wup of the most important frustrating topics we address. For years, we have been warned that america is losing its technology advantage. I hope you have seen the work on this topic. That is why the department of defense needs acquisition reform. Not just for efficiency or save money. Simply put, we will not be able to address threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I wan
[ inaudible conversations ] Armed Services Committee Meets today to receive testimony on the Department Reform effort. We welcome our witnesses ellen lord under secretary of defense for technology. Mark es per. Secretary of the army. Heather wilson secretary of the air force. And james gerts assistant secretary of the navy for research and development. Acquisition reform is wup of the most important frustrating topics we address. For years, we have been warned that america is losing its technology advantage. I hope you have seen the work on this topic. That is why the department of defense needs acquisition reform. Not just for efficiency or save money. Simply put, we will not be able to address threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. I want the witnesses to Pay Attention here. Okay . Were still dealing with a trillion dollar f 35 program that continues to operate in dysfunction. The air force still su
The Senate Arms Services Committee Meets today to receive testimony on the acquisition reform efforts. We welcome our witnesses, ellen lord, mark esper, secretary of the army, heather wilson, secretary of the air force, and james gerts, assistant secretary of the navy for ak we ziglaskk acquisition. I hope you all have seen the work by rand on this topic. That is why the department of defense needs acquisition reform, not just for efficiency or to save money. Simply put, we will not be able to address the threats facing this nation with the system of organized irresponsibility that the defense acquisition enterprise has become. We will be watching closely to make sure you do business differently and use that authority wisely. Second, while we have empowered the services, that doesnt mean you can go and do whatever you like. The Services Must let osd set strategy and policy and do real oversight. That means being transparent, providing data to and following the guidance set by osd. Agai
Amongst the dollar weakness euro strength and that means european stocks are finding it hard to make any headway. 6418 right now. We are at a more than twoyear high. How will opec and friends respond . Heres emma chandra. Stocks fell more than 2 after a report that qatari fighter jacks jets intercepted an airline from uae. Its the latest escalation in the dispute between persian gulf monarchies. Saudi arabia, the uae and egypt all accused of destabilizing the region. Carillion has fired for liquidation filed for liquidation. The shares have fallen more than 90 since july. It employs 43,000 people worldwide. Its a further boost to the International Status of the chinese yuan. Liquidation filed for liquidation. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. We will get a perspective on whats going on in the markets today despite the holiday in the United States. The dollar is really dominating the t
Schedules are in play by the members for the summit or notable. Senator warner and representative schiff both juggled their schedules to make this happen. Unfortunately their schedules didnt match up and we will be speaking with each of the sequentially. This afternoon, the white house codes is required and he wont be available and National Intelligence sue gordon will speak us to instead, and it will be one of sues first appearances in her new role. Let me reiterate the importance of your questions and particularly using intelsummit. Org for the first plenary. Due to the short period of time for each of the guests, you get the questions in early and nice and concise it will be much appreciated. Let me reemphasize to opportunity to interact with the sponsors of this event. I would like to introduce miss kelly. Miss kelly. Thank you very much. Appreciate being here. Welcome to everyone this morning. I hope youre all geared up for a great conversation. Congressman, thank you. Im delight