By Marina Malenic The Defense Department said last week that the cost for its major weapons acquisitions has increased by $64 billion. The Pentagon on April 14 sent Congress its latest Selected Acquisition Reports, which outline long-term pricing estimates for just under 100 programs. According to the SARs, this approximately $1.68 trillion worth of accounts saw a net cost increase of four percent over the previous year. SARs summarize the latest estimates of cost, schedule, and performance status. These reports…
DoD Weapon Program Costs Increase By $64 Billion
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