GAO: Big Defense Programs Face Cost Overruns

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- Hungry budget cutters are eyeing some tasty targets at the Pentagon.

Specifically: two of the largest weapons contracts ever awarded by the Pentagon.

The Joint Strike Fighter program is building 2,500 high-tech warplanes and could cost more than $1 trillion. And the Army's vision of high-tech, interconnected battlefield equipment known as the Future Combat Systems has a $158-billion price tag.

The Government Accountability Office, in a report today, says costs for both programs are likely to balloon because the technology is not fully proven.

The military is under pressure to cut costs as the government devotes trillions of dollars toward righting the economy. The Obama administration has promised a rigorous review of weapons programs with a view toward making sure their technology is proven before they go into production.

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