Author Topic: Pentagon spent $58 billion on weaponry it ended up canceling  (Read 339 times)

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rangerrebew

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Pentagon spent $58 billion on weaponry it ended up canceling
« on: October 30, 2016, 12:34:28 pm »
Pentagon spent $58 billion on weaponry it ended up canceling


By TONY CAPACCIO | Bloomberg | Published: October 28, 2016

The Pentagon has canceled 22 programs in advanced development after spending a combined $58.3 billion on them since 2002, according to the Defense Department's latest assessment of its acquisition performance.

Among the weapons scrapped were Boeing's ground-based vehicle network for the Army, a Northrop Grumman mini-submarine for Navy SEALs and a chopper from Textron's Bell Helicopter unit.

The tally published this week is the latest edition of a yearly report measuring the effectiveness of the process for spending billions of dollars annually to develop and build new weapons and outlining improvements. The updated list of canceled projects represents 17 percent of the 136 major weapons in advanced development for which the military had set cost, schedule and performance milestones from 1997 to 2015.

http://www.stripes.com/news/us/pentagon-spent-58-billion-on-weaponry-it-ended-up-canceling-1.436226
« Last Edit: October 30, 2016, 12:35:19 pm by rangerrebew »