Pentagon Weapon Programs: Delivering Less, Later, For More Money

Cost Of U.S. DoD’s Major Acquisition Programs Grew by $74.4Bn in 2011 -- Defpro

The cost of the U.S. Department of Defense's (DoD) major acquisition programs grew by $74.4 billion in the past year and now totals more than $1.58 trillion, according to a recent Government Accountability Office (GAO) report. And, this $74.4 billion is just a fraction of the overall cost growth in a DoD weapons acquisition portfolio that, on balance, is delivering fewer weapons for more money.

The defense acquisitions portfolio has been plagued by reductions in the number of weapons delivered, delayed delivery times, and enormous cost overruns. In fact, the total acquisition cost of this portfolio has grown by $447 billion, 40 percent above initial cost estimates.

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My Comment: This is why the budget cutters want to slash the defense budget .... they know that there is no longer any accountability in the Pentagon if things go wrong .... which for the U.S. defense budget is now the rule rather than the exception.