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Document: GAO Report on Selected Pentagon Weapon Systems

The following is from the Government Accountability Office’s March, 31, 2014 report to Congress, Defense Acquisitions: Assessments of Selected Weapon Programs.

Over the past year, the overall size of DOD’s major defense acquisition program portfolio decreased, from 85 programs to 80, while the estimated cost has increased by $14.1 billion.
The average time to deliver initial capability to the warfighter also increased by 2 months. The slight cost increase can be attributed to the addition of one program, the Evolved Expendable Launch Vehicle.

This furthers a trend for decreased portfolio size seen for the past three years. Although the overall cost of the 2013 portfolio increased, 50 of the 80 programs decreased costs, and 64 percent of programs increased their buying power.

There are still some programs that have performed poorly, both over the past year and in the longer term. Fifty-five percent of the current portfolio funding has been appropriated, leaving approximately $682 billion needed for future funding. About forty-five percent of this remaining funding represents cost growth from initial estimates, a clear indicator that DOD needs to do more to control cost growth.