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#8
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"Bob Noel" wrote: Congress has been upset about the astounding cost of the Raptor, which has gone from around $90 million to nearly $200 million per plane. Congress has this insane ability to be astounded at cost growth, even cost increases they inflict on the system. :-/ Well, *I'm* astounded at a $200M fighter that was supposed to cost $90M (which would have been bad enough), how about you? From the Project on Government Oversight: The F-22 fighter development and testing program is dragging behind schedule and attempts by the Air Force to control costs are failing miserably, according to a new report by the U.S. General Accounting Office (GAO), Tactical Aircraft: DOD Needs to Better Inform Congress about Implication of Continuing F/A-22 Cost Growth, GAO-03-280. The new report, released late Wednesday by Representative John Tierney, (D-MA), concludes that the Air Force has been unable to implement the cost-saving measures it promised and has essentially kept Congress in the dark about excessive cost overruns. The report further states: a.. At the current rate of spending, the Air Force will be able to buy only 224 F-22s, and not the 339 planned as recently as last fall. b.. The Department of Defense failed to disclose $1.3 billion in F-22 program cost overruns. c.. The F-22 program is on target to exceed cost limitations imposed by Congress. "The story of the gold-plated F-22 fighter just gets worse with every financial analysis," said POGO Senior Defense Investigator Eric Miller. "We hope that Defense Secretary Rumsfeld will finally say 'enough is enough' and pull the plug on this overpriced and unneeded Cold War relic." |
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