You know, stories like this leave me angry and frustrated:
“Development costs for the Pentagon’s major weapons systems soared last year, helping drive overruns that are “staggering,” the Government Accountability Office said in a report released yesterday.
The costs to research and develop fighter jets and other programs have been rising steadily. Last year, they were 42 percent over initial estimates. That compares with 27 percent in 2000, when the cost of the portfolio of programs was half of what it is today…
The figures reflect a weapons development and procurement system that is woefully broken, analysts say, and one that President Obama has vowed to begin to correct.
(GAO analyst Michael J. Sullivan said that) because most major weapons systems involve costly advanced technologies and investments in factories and workers, and have no commercial market, contractors typically demand that the government cover their risk by reimbursing them for unanticipated costs in