John Young is a Senior Fellow and Member of the Board of Regents of the Potomac Institute for Policy Studies, and a former undersecretary of defense for acquisition, technology, and logistics. In a recent issue of Defense News, he writes that current procedures limiting the use of multiyear procurement contracts within the Department of Defense result in enormous waste of taxpayer dollars. He argues that expanding the use of multiyear contracts would improve efficiency and save money. Writes Young, "It would dramatically improve defense acquisition if more programs were executed under stable, multiyear funding, limiting the annual budget process churn that consumes precious program management time." Click here to read the article in full.