Defense Acquisitions: Assessments of Selected Weapon Programs. Washington, DC : Government Accountability Office (GAO) , March , 2011
Defense Acquisitions: Assessments of Selected Weapon Programs. Washington, DC : Government Accountability Office (GAO) , March , 2011
From the report: “Since 2008, DOD’s portfolio of major defense acquisition programs has grown from 96 to 98 programs, and its investment in those programs has grown to $1.68 trillion. The total acquisition cost of the programs in DOD’s 2010 portfolio has increased by $135 billion over the past 2 years, of which $70 billion cannot be attributed to quantity changes. A small number of programs are driving most of this cost growth; however, half of DOD’s major defense acquisition programs do not meet cost performance goals agreed to by DOD, the Office of Management and Budget, and GAO. Further, 80 percent of programs have experienced an increase in unit costs from initial estimates; thereby reducing DOD’s buying power on these programs.”
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