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You are here: Home / Government Contracting News / Pricetag for Pentagon’s major weapon systems grows by 10 percent

April 16, 2018 By AMK

Pricetag for Pentagon’s major weapon systems grows by 10 percent

The estimated cost for procuring the Pentagon’s major weapon systems increased 10 percent in 2017, growing from $1.74 trillion to $1.92 trillion in projected costs.

Those numbers were released as part of the department’s annual Selected Acquisition Reports.  The SARs cover the 83 major defense acquisition programs that make up the largest programs managed by the former undersecretary of defense for acquisitions, technology and logistics.

However, that increase is not necessarily the result of problems within the acquisition programs, with the report starting that the cost increase is due in part to adding a new major program — the CH-47F Modernized Cargo Helicopter (CH-47F Block II) — to the SAR list, as well as increased quantities on various programs.

Only two programs had Nunn-McCurdy breaches, the government standard in judging unit cost increases, both from the Navy.

Keep reading this article at: https://www.federaltimes.com/pentagon/2018/04/03/pricetag-for-pentagons-major-weapon-systems-grows-by-10-percent/

Filed Under: Government Contracting News Tagged With: AT&L, cost, cost increase, DoD, SAR, weapon systems

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