DOD Acquisition Reports Show No Major Cost Spikes

Law360, New York (May 23, 2013, 8:56 PM EDT) -- The Defense Department's annual acquisition reports, released Thursday, showed no major cost spikes for large weapons procurements for the first time in more than a decade, and DOD officials attributed the change to smarter acquisition practices.

The DOD's Selected Acquisition Report summarizes the latest estimates of cost, schedule and performance status of major weapons programs. For the first time since 2000, the DOD had no programs whose cost overruns exceeded breach notifications in the Nunn-McCurdy Act, which requires the DOD to report significant cost overruns to...
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