By Marina Malenic The Pentagon this week announced a slight reduction in the cost of major defense acquisitions, according to a recent report to Congress on program cost, schedule, and performance changes since December 2007. The most recent Selected Acquisition Reports (SARs), submitted to Congress in June, registered a net decrease of 0.3 percent from the prior reporting period. The cost of programs covered by SARs was still about $1.6 trillion, according to an Aug. 18 Defense Department announcement. SARs…
DOD Reports Small Decrease In Major Acquisition Costs, Highlights Cuts To C-5 Re-engineering
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