The most recent baseline cost estimates prepared by the Coast Guard for its Deepwater modernization program show overall costs have jumped considerably over the past four years even though the service still hasn’t completed revising estimates for several assets, according to a recent report by the Government Accountability Office (GAO). The revised Deepwater baseline completed in May pegs total acquisition cost estimates at $29.3 billion, 21 percent higher than the May 2007 baseline of $24.2 billion, GAO says in its…
GAO: Latest Coast Guard Estimates Show Deepwater Costs Soaring
Defense Daily Staff
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