More than four years since Ashton Carter took on reforming Pentagon acquisition, the cost of the largest arms projects is beginning to stabilize, defense officials say.
Costs among the Defense Department’s largest arms programs are beginning to stabilize after years of overruns, a recent trend that Pentagon officials say is the result of an improvement project launched by now-Defense Secretary Ashton Carter more than four years ago.
Nearly 70 percent of the Pentagon’s 80 major procurement projects – valued at $1.6 trillion – are performing better than anticipated, and in many cases, have reduced costs compared to one year ago, said one senior Pentagon official who was not authorized to speak publicly.
“I think this is a good example compared to last year and then I think you’ll see it again,” the official said.
Costs are down because the military services have become more realistic when laying out schedules and funding for projects, according to the official. They are also doing a better job of making sure projects fit in long-term budget plans.
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