Defense Procurement Reform: Value-Based Pricing for Innovative Contractors.

This bill establishes a pilot program allowing the Department of Defense to change how it evaluates prices for goods and services from non-traditional defense contractors. Instead of relying solely on traditional cost analysis, contracting officers can assess the product's value based on its unique capabilities and potential cost savings. The goal is to streamline the acquisition of cutting-edge technology for national defense, potentially improving national security and ensuring taxpayer money is spent efficiently on innovation.