Concurrency Blamed For Overruns In $124B Missile Program

Law360, New York (April 23, 2012, 4:48 PM EDT) -- Delays and cost overruns in a $124 billion U.S. missile defense program showcase many of the risks inherent in concurrent acquisition strategies commonly used for big-ticket defense items, according to a U.S. Government Accountability Office report released Friday.

Concurrency, under which weapons systems are built in bulk while still undergoing testing and design, has been blamed for cost increases and overruns in other programs like the Navy's new Littoral Combat Ship and the Lockheed Martin Corp.-designed F-35 Joint Strike Fighter, which is now estimated to cost...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.