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Exhibit 344

Department of Defense Contract Finance Study Report

Exhibit 344 ยท Agency study

Department of Defense Contract Finance Study Report

In 8 of 9 key financial metrics, defense contractors out-performed commercial counterparts.

Finds the defense industry financially healthy; contractors outperformed commercial counterparts on 8 of 9 financial metrics while margins are somewhat lower; reports cash paid to shareholders rose 73 percent in 2010-2019 versus 2000-2009 while the IR&D share declined.

Source
Office of the Under Secretary of Defense for Acquisition and Sustainment, Defense Pricing and Contracting
Date
April 2023
Quoted from
p. 18
Grade
Primary record
Document
https://www.acq.osd.mil/asda/dpc/pcf/docs/finance-study/FINAL%20-%20Defense%20Contract%20Finance%20Study%20Report%204.6.23.pdf
Accessed
2026-11-09
Cited by
Findings citing this exhibit

Cited by

Finding DEF-1.8
Primary record DoD's April 2023 Contract Finance Study found that defense contractors outperformed commercial counterparts on 8 of 9 key financial metrics while profit margins were somewhat lower, and that cash paid to shareholders rose 73 percent in 2010-2019 compared with 2000-2009 while the share of spending on independent research and development declined.