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Pentagon Increases Major Defense Procurement Cost Estimate to $2T

The Department of Defense’s cost estimates for the acquisition of major weapons platforms climbed from $1.92T in 2017 to $2T in 2018 covering 87 programs. According to the annual Selected Acquisition Reports, the total program costs for DoD rose by 4 percent to $624.1B driven by the F-35 program. The total acquisition cost of the program jumped by $15.3B in base year 2012 dollars.

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