Pentagon Improves Holding Down Weapons Costs, Auditor Finds

March 28, 2013

Cost growth in the Pentagon’s portfolio of major weapons has stabilized in the last year as many programs show signs of increased efficiency, the U.S. Government Accountability Office said today.

The congressional audit agency’s annual report today on the Pentagon’s $1.6 trillion weapons portfolio struck a more optimistic note than in past years on progress in reducing costs.

Eight of the Pentagon’s top 10 most costly programs reported net decreases totaling $4.9 billion, according to the report. An exception was the most expensive weapon, Lockheed Martin Corp. (LMT)’s F-35 fighter, which increased by $101 million from last year.

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