Measure focuses heavily on tracking weapons more closely during their early development stages.
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President also defends stance on torture, saying interrogation methods such as waterboarding are not necessary to keep the country safe.
Federal agencies so far have awarded only 10 percent of stimulus contracts to small firms.
Administration kicks off Data.gov and proposes new design for Regulations.gov in bid to make government more transparent. Read the full story on Nextgov.com.
Procurement experts call for more funding and training, less obsession with compliance.
Agreement creates positions within the Pentagon, including a director for developmental test and evaluation and a director for systems engineering.
The proposed fiscal 2010 budget would give agency a 5 percent boost over current funding, but projects no real increase through 2014.
Chairman of Judiciary subcommittee announces a series of hearings and says he is "cautiously optimistic" about getting legislation passed this year.
Army's list of so-called unfunded requirements totals $952 million and the Navy's, $395 million.
Cost savings and 4,000 positions would be redirected to more urgent requirements.