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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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GAO: DoD Should Address F-35 Deficiencies Prior to Full-Rate Production

The Government Accountability Office has found that the Defense Department is close to completing the baseline development for the F-35 aircraft program but plans to enter into full-rate production in October 2019 before addressing key deficiencies discovered during testing. GAO called on Congress to consider withholding appropriations for the Block 4 modernization effort …

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GAO: Congress Should Delay $9B Frigate Block Buy Until More Data Becomes Available on Ship Design, Cost

The Government Accountability Office has called on Congress to delay its decision on the U.S. Navy’s authority request for a block purchase of 12 frigates worth approximately $9 billion in fiscal year 2018 until more data is available about the ship’s design, cost and capabilities. GAO said in a report published Tuesday that …

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CBO: Senate’s Federal Health IT Bill Would Cost $122M Through 2021

The Congressional Budget Office has estimated that it would cost $122 million over the 2017 to 2021 period to implement a bill that would require the Department of Health and Human Services to expand federal health information technology programs. CBO said Friday the Senate’s Improving Health Information Technology Act would not affect direct spending or on-budget deficits through four consecutive 10-year periods beginning …

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Deborah Lee James: More Assessment Needed Before DoD’s Final Cost Estimate for Nuclear Modernization

Secretary of the Air Force Deborah Lee James believes the Defense Department needs more room for evaluation before it can finalize the cost estimate on the effort to modernize the U.S. intercontinental ballistic missile arsenal, National Defense Magazine reported Wednesday. John Harper writes DoD’s Cost Assessment and Program Evaluation Office estimated the cost of the …

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CBO: House Bill on Cybersecurity Support for Small Businesses Would Cost $1M From 2017 to 2021

The Congressional Budget Office has said a House bill that would require the Department of Homeland Security and Small Business Administration to create a strategy for small business development centers to provide cybersecurity training and counseling to clients would cost approximately $1 million over five years. CBO said in a report published Thursday that …

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