Image Credit: Northrop Grumman
The U.S. Air Force misstated the costs for its top-secret program in a report to Congress.
The costs of the top-secret Long-Range Strike Bomber (LRS-B)–likely to be designated B-3–have gone up due to a calculation error, according to the U.S. Air Force. The 2014 Department of Defense’s ten-year budget estimate for fiscal years 2015-2025 for the bomber program was $33.1 billion. This year’s estimate for fiscal years 2016-2026 jumped up to $58.4 billion.
However, according to Bloomberg Business, the U.S. Air Force now claims that both numbers are wrong and that the actual ten-year costs (the first installment in the 30-year program) were $41.7 billion for each period. The USAF did not offer an explanation for the discrepancies.
WNU Editor: Why does this not surprise me.
More News On Reports That The US Air Force’s Top-Secret Long-Range Bomber Is Already Busting The Budget
Air Force Gets Wrong Price Tag for New, Budget-Busting Bomber -- Fiscal Times
Bomb the Budget: US Stealth Bomber Financials Defy Laws of Physics -- Sputnik
Air Force Botches Bomber’s 10-Year Costs in Reports to Congress -- Bloomberg
Uncertainty Surrounds the Cost of New Bomber -- National Defense
2 comments:
At least the Chinese will be able to provide us with low cost parts to build and maintain the B-3 when deployed.
What we ought to do is some 'cost accounting' and see what is driving the costs sky high?
Is it wages or what
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