Sunday, March 18, 2007

Several large US military projects under fire


Color me completely surprised...not. And, again as always, ya gotta love the GAO.
The Pentagon is facing mounting criticism over the awarding of several large contracts because of deficiencies and irregularities in the procurement of new age military machines.

Thursday, the US Government Accountability Office [GAO], a congressional agency responsible for keeping tabs on federal spending, revealed delays in developing an advanced combat Joint Strike Fighter [JSF] and costs had swollen 12 percent.

"Total JSF program acquisition costs (through 2027) have increased by 31.6 billion dollars," the GAO said. [emphasis mine]

Yes you read that right. The increase was 31.6 billion. They throw around billions like you or I might throw coins into a fountain.

Oh yeah, if they are predicting 31.6 billion now, wouldn't you expect several revisions over the next 20 years?!!!1!!

(read more)

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