Audit of Pentagon Spending Finds $70 Billion in Waste - NYTimes.com: "Despite improvements, more than half of the Pentagon’s big weapons systems still cost more than they should, with management failures adding at least $70 billion to the projected costs over the last two years, government auditors said Tuesday.
The Government Accountability Office, a Congressional watchdog, said the biggest program, the F-35 Joint Strike Fighter, accounted for $28 billion of that increase. Other systems also had significant cost overruns, the agency said, adding that the increases could force the Pentagon to cut the number of ships and planes it buys.
The auditors said many of the problems occurred because the Pentagon began building the systems before the designs were fully tested.
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