Biden taps former Obama official Bill LaPlante as top arms buyer

Reuters

Published Nov 30, 2021 10:10AM ET

Updated Nov 30, 2021 12:01PM ET

By Mike Stone

WASHINGTON (Reuters) - U.S. President Joe Biden intends to nominate a former Obama official who oversaw the acquisition of the F-35 fighter, the troubled KC-46 tanker and the B-21 stealth bomber to be the Pentagon's chief weapons buyer, the White House said on Tuesday.

Bill LaPlante, current head of Charles Stark Draper Laboratories Inc., is the Biden administration's pick to be the next Undersecretary of Acquisition and Sustainment at the Department of Defense.

His nomination process will be closely watched by defense contractors given the vital role the official will have in drawing up the Pentagon's massive annual purchasing budget, the lifeblood of Lockheed Martin (NYSE:LMT) Co, Northrop Grumman (NYSE:NOC) and General Dynamics (NYSE:GD).If confirmed, LaPlante would rejoin a team of former Barack Obama administration alumni, including current Deputy Secretary of Defense Kath Hicks, Air Force Secretary Frank Kendall as well as Andrew Hunter, Biden's nominee for assistant secretary of the Air Force for acquisition, technology and logistics.

Kendall and LaPlante worked together overseeing acquisition for the Lockheed F-35 fighter jet, the Boeing (NYSE:BA) KC-46 refueling tanker and the B-21 Raider, a heavy bomber under development for the U.S. Air Force by Northrop Grumman during the Obama administration.

The Pentagon has been without a Senate-confirmed weapons-buyer since January. The Biden administration has struggled to have a candidate for the high-powered position after its first nominee withdrew from consideration this summer.