Monday, July 07, 2008

What's the Price of Rose-Colored Night Vision Goggles?

The wars in Iraq and Afghanistan could cost the Pentagon some of their wish list for new weapons.
The Government Accountability Office has found costs for new weapons spiraling out of control -- and competing for dollars with the wars. From the Washington Post:

The major weapons systems being developed and produced by the Defense Department will require $1.6 trillion to complete and $335 billion over the next five years -- money that may not be available because of the continuing cost of military operations in Iraq and Afghanistan, according to a new report by the Government Accountability Office.
The GAO found some weapons were pitched with unrealistic price tags to begin with -- sometimes 30% - 40% below what they would end up costing. (WaPo)

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