AGENCE FRANCE-PRESSE , A survey of major U.S. weapons development programs found an estimated $23 billion in cost overruns and an average two years delay in reaching production, a government report said April 14.
The Government Accountability Office, a congressional audit agency, said that of 23 major weapons program that it reviewed, 10 had already reported cost overruns of greater than 30 percent and production delays of at least a year.
Most of the other programs were still too early in the development cycle to be effectively analyzed, it said.
The report noted that the Pentagon plans to spend $1.3 trillion on weapons development and procurement from 2005 to 2009, $800 million of which still lies ahead.
