Israeli defense contractors are among some of the largest U.S. defense contractors in the world. In 2014, four out of the top 100 firms listed inDefense News’ annual ranking of largest global defense firms were Israeli companies. To remain competitive in securing U.S. government contracts, it is important for Israeli contractors to be aware of changes in U.S. laws that affect their current and future business with the U.S. government.

In December 2014, President Obama signed into law the National Defense Authorization Act for Fiscal Year 2015.  The FY 2015 National Defense Authorization Act (NDAA) includes significant procurement related reforms and changes that affect Israeli contractors doing business with the U.S. government, including the Department of Defense and other federal agencies.  “The Impact Of The FY 2015 National Defense Authorization Act On Federal Procurement,” which was co-authored by Greenberg Traurig attorneys Mike SchaengoldAaron Ralph, and Melissa Prusock, and was published in two parts in the Feb. 25 and March 4, 2015 editions of The Government Contractor, identifies and discusses the FY 2015 NDAA’s more important procurement related reforms and changes.

Although many of these FY 2015 NDAA statutory changes will not become effective until the Federal Acquisition Regulation (FAR) and Defense FAR Supplement (and possibly certain other regulations) are amended, Israeli companies doing business with the U.S. government should stay on top of changes that may impact their current or future business in order to remain successful in securing U.S. government contracts and to continue growing their businesses.