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A review of the changes in military procurement procedures in recent years. Innovations in the supply and demand for goods and services include new strategic and tactical concepts, new products and technologies, and changes in the firms that comprise the defense industry. These changes have affected the relationship between the government and industry. This Memorandum analyzes procurement policy of the Air Force in particular from 1962 to 1964.

This report is part of the RAND Corporation research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.