Super Stealth Plane Breaks Through Cost Barrier | Danger Room | Wired.com
As if anybody is surprised at this point.The Senate Armed Services Committee held a hearing today on the future of the F-35 Joint Strike Fighter, and things are not looking pretty for the next-generation stealth aircraft. It’s likely the Air Force will have to declare the program has soared past a key cost-containment barrier, in addition to being more than two years behind schedule.
The Air Force will have to declare a Nunn-McCurdy breach, which could force a serious restructuring of the program, according to a Reuters story quoting Pentagon acquisition chief Ashton Carter.
A new Government Accountability Office report, issued today, puts it in simple numbers. “Total estimated acquisition costs have increased $46 billion (.pdf) and development extended 2 ½ years, compared to the program baseline approved in 2007,” the report states.
Read More Super Stealth Plane Breaks Through Cost Barrier | Danger Room | Wired.com
We are bleeding so much money in our utterly broken defense acquisitions setup. It seems especially prevalent in the military aircraft industry. Every single new aircraft we try to put out runs way over time allotted and way over cost. The taxpayers are being milked to the bone by these defense contractors, who really have no major incentive to run within the ludicrous "budget" they propose at the start of the program.
I sometimes wonder if we should just buy planes from Russia like everyone else does.