Report on multiyear procurement

(a) Inclusion of multiyear procurement in budget justification materials The Secretary of Defense, acting through the Secretary of Defense for Acquisition and Sustainment and in coordination with the Secretaries of the military departments and the portfolio acquisition executives of each military department, shall include in the budget justification materials submitted to Congress in support of the Department of Defense budget for the fiscal year (as submitted with the President’s budget under section 1105(a) of title 31, United States Code) a comprehensive report and centralized summary display on critical multiyear procurement requirements for that fiscal year. (b) Contents of summary display The centralized summary display submitted under subsection (a) shall detail the multiyear procurement activities of the Department of Defense and include, at a minimum, the following information for each affected program: (1) Each active multiyear procurement authority currently utilized by the Department, including all utilizations under $500,000,000 that require congressional notification and all utilizations over $500,000,000 that require congressional notification. (2) The specific fiscal years covered by each active multiyear authority. (3) The total cost and annual funding increments allocated to each authority. (4) The annual and total production amounts, if applicable, associated with each contract. (5) A comprehensive list of all multiyear procurement authorities planned for by the Department over the current Future Years Defense Program cycle. (6) A concise description of any industrial base stabilization, cost-avoidance, any efficiency benefits that justifies each current or planned multiyear request. (c) Leverage existing mechanisms To the extent possible, the Secretary of Defense shall leverage existing program acquisition executive mechanisms and office assessment mechanisms to generate the data required by this section, rather than creating new administrative offices or entities.