Pentagon Tops $2 Trillion in Costs to Field Major Arms Programs
Posted August 1, 2019
By Roxana Tiron and Tony Capaccio
Increased expense driven by higher quantities, timing changes
Report about four months late due to late Army submission
The total projected costs to field major U.S. military weapons systems topped $2 trillion in 2018, as the Pentagon planned to boost key missile and aircraft programs, according to the Defense Department’s latest annual assessment.
The new estimate puts the costs, including money already spent, in the pipeline and expected to be spent in the future, almost equal to 10% of the U.S.’s $21.3 trillion annual gross domestic product. The report looked at 87 of the Pentagon’s top weapons programs, up four from the previous year.
https://about.bgov.com/news/pentagon-tops-2-trillion-in-costs-to-field-major-arms-programs/
