Some experts see promise in the sweeping acquisition reforms prescribed by a draft Pentagon memo that is circulating ahead of the defense secretary’s planned Friday speech on the topic, but others see risk.

Defense One reviewed and verified a copy of the six-page draft on Tuesday, which pitched the overhaul as a “historic opportunity to restore deterrence in the face of an increasingly dangerous security environment” by cutting internal review processes, reorganizing acquisitions efforts, and doling out harsher punishments for companies that go over budget on defense contracts.

Kingsley Wilson, a Pentagon spokesperson, said the Defense Department would not comment on the “pre-decisional” document.

The draft memo, addressed to combatant commanders and senior Pentagon leaders, says, “Tod

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