DPC 76-3 implemented several significant changes to DOD profit policy. Two of these changes are intended to directly encourage defense contractor investment in

This report reviews the reasons for the creation and implementation of Defense Procurement Circular 76-3. It identifies the essential procedureal changes which

The defense sector is subject to a form of cost-based economic regulation, just as public utilities are. A set of regulations determines the price that defense

The Defense Department, through the military services, buys equipment and services for which no open market exists. In negotiating the contracts for these acqui