Accession Number:

ADA446792

Title:

Defense Acquisitions: Assessments of Selected Major Weapon Programs

Descriptive Note:

Congressional rept.

Corporate Author:

GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC

Personal Author(s):

Report Date:

2006-03-01

Pagination or Media Count:

150.0

Abstract:

Current and expected fiscal imbalances demand that the Department of Defense DOD maximize its return on investment and provide the warfighter with needed capabilities at the best value for the taxpayer. Since 1990, we have assessed weapon acquisitions as a high-risk area. Not only does it continue to be a high risk area, but it has also taken on heightened importance. To transform military operations, DOD has embarked on developing multiple megasystems that are expected to be the most expensive and complex ever. However, these costly acquisitions are running head-on into the nations unsustainable fiscal path. In the past 5 years, DOD has doubled its planned investments in new weapon systems from 700 billion to 1.4 trillion. This huge increase has not been accompanied by more stability, better outcomes, or more buying power for the acquisition dollar.

Subject Categories:

  • Economics and Cost Analysis
  • Fire Control and Bombing Systems

Distribution Statement:

APPROVED FOR PUBLIC RELEASE