By The Department of Defense 2012 portfolio of 86 major defense acquisition programs is estimated to cost a total of $1.6 trillion, reflecting decreases in both size and cost from the 2011 portfolio, a new Government Accountability Office (GAO) report said. This is GAO's annual assessment of DoD weapon system acquisitions, an area that has been on the office’s high-risk list for more than 20 years. The 190 page report GAO-13-294SP was released this month. DoD commented on the draft report,…
GAO Annual Assessment: DoD Major Acquisition Programs Down In Size And Cost From 2011
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