Cost Overruns. The Department of Defense (DoD) has 98 major weapons systems in its “portfolio.” According to the Government Accountability Office (GAO), the cost of those weapons has grown by $135 billion beyond initial estimates, just in the last two years. More than half of the jump in cost comes from increased prices, rather than increased quantities. The Joint Strike Fighter program, for example, which is intended as a replacement for all the jets used by the Air Force ... Read even more
