SOSi CEO Predicts Growth in OTA Awards Due to FAR Changes
SOSi CEO Julian Setian predicts a rise in Other Transaction Agreement (OTA) awards, projected to reach $30 billion, due to recent changes in Federal Acquisition Regulations (FAR) favoring commercially proven technologies. He highlighted a shift towards FAR Part 12 acquisitions, emphasizing the integration of innovative capabilities from the commercial sector into defense procurement. The Potomac Officers Club will address these themes at its 2026 Defense R&D Summit on January 29, aimed at fostering collaboration between military and industry leaders.
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SOSi CEO Julian Setian forecasts an increase in Other Transaction Agreement (OTA) awards, which reached $30 billion, influenced by recent Federal Acquisition Regulation (FAR) changes. He noted a shift towards more FAR Part 12 acquisitions and fewer FAR Part 15 acquisitions, as the FAR now favors technologies proven in the commercial market.
Setian emphasized the importance of innovation and unique capabilities from the commercial sector being integrated into defense procurement. The Potomac Officers Club will host its 2026 Defense R&D Summit on January 29, focusing on innovation and new technologies in warfare.
This event aims to foster partnerships and insights among military and industry leaders. The federal government is also updating the FAR to streamline procurement processes following an executive order from President Trump.
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