Bradley attorney Aron Beezley was quoted in Law360 on an expansion in the U.S. Department of Defense’s use of streamlined agreements for rapidly acquiring prototype technology, which is looking like the beginning of a long-term growth for such deals. The streamlined acquisition process for Other Transaction Authority agreements (OTAs), combined with the DOD’s desire for new tech and the positive feedback loop created as contracting officers and companies see the OTA model being used successfully, mean that growth in their use is likely to continue.
“It’s tough to say how long and how fast the increase will keep going, but I don’t think we’ve seen a ceiling in terms of where the use of other transactions, particularly for prototype projects, will top out,” said Beezley.
“The more they use them, the more they get familiar with them, the more comfortable they are with them and the more industry starts to pay attention and want to be involved with them,” Beezley said. “I think it all builds on itself.”
The original article, "Uptick in DOD Prototype Deals a Harbinger for More Growth," appeared in Law360 on October 6, 2020.