The Department of Homeland Security has awarded Cyber Apex Solutions a potential five-year, $70 million "other transaction agreement" contract to research prototypes for cyber defense technologies to use in protection of critical infrastructure.
"DHS’ Science and Technology Directorate awarded a total of about $1 million to five startups specializing in securing the internet of things..." "...the contracts are issued under its Other Transaction Authority, which allows the department to engage with nontraditional contractors and at a pace much quicker than regular contracts."
The Pentagon and other government agencies spent much of the past two years experimenting with rapid-acquisition strategies designed to speed up technology insertion by shortening the requirements process, streamlining proposals and accelerating decisions.
"Recently, DoD leaders again began looking into the use of "other transaction authority," allowing for contracting outside the federal acquisition regulation (FAR). Regardless of what method or authority, the agreement between what the government requires and what industry delivers is a (frequently complex) contract."