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094494 1 (1968-06-21)

handle is hein.gao/gaobadxmf0001 and id is 1 raw text is: 
       4 1





              United States General Accounting Office
                       Washington, D. C. 20548

                                            FOR RELEASE ON DELIVERY
                                            Expected at 9:30 a.m. EDT
                                            Friday, June 21, 1968

                           STATEM~ENT OF
                                                            LM094494
                         ELMER B. STAATS
                            BEFORE THE5

         SUBCOMMITTEE ON ANTITRUST AND MONOPOLY LEGISLATION

                  SENATE COMMITTEE ON THE JUDICIARY

                                ON

          THE EFFECT OF DEPARTMENT OF DEFENSE PROCUREMENT

                   ON COMPETITION AND CONCENTRATION)


     I am pleased to appear before this Subcommittee today to partici-

pate in your study of the effect of Department of Defense procurement

on competition and concentration.

     Our country has become increasingly dependent upon the use of pri-

vate industry in the development of weapons for the national defense.

Each year the Department of Defense (DOD) spends vast sums of money for

research, development, facilities, supplies, and services. This year

it will approach $50 billion. For this reason, the Department's pro-

curement policies and practices are bound to have a significant impact on

defense-oriented industries such as aerospace, electronics, and ship-

building and their subcontractors and suppliers.

     Competition is a natural, regulatory force vital to the economy

and future well-being of our country but undue concentration of

                           -7~oW~              ______

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