DOD Acquisition Reform: Increased Focus on Knowledge Needed to Achieve Intended Performance and Innovation Outcomes, Statement of Shelby S. Oakley, Director, Contracting and National Security Acquisitions, Testimony Before the Subcommittee on Readiness and Management Support, Committee on Armed Services, U.S. Senate [open pdf - 842KB]
From the Highlights: "DOD spends billions of dollars annually to acquire new major weapon systems, such as aircraft, ships, and satellites, and deliver them to the warfighter. GAO [Government Accountability Office] has reviewed individual weapon programs for many years and conducted its annual assessment of selected major DOD weapon programs for 19 years. GAO added DOD's weapon system acquisition process to its High-Risk List in 1990. This statement discusses: (1) the performance of selected DOD weapon programs and the role of a sound business case in that performance, (2) DOD's progress implementing recent acquisition reforms, (3) the status of DOD's actions to support innovation, and (4) DOD's efforts to improve data for acquisition oversight."
Government Accountability Office: https://www.gao.gov/