First audit of major weapon programs under new reform law finds no 2015 cost growth

By Jason Sherman / April 8, 2016 at 1:09 PM
A first-of-its-kind statutory audit of major weapon programs has turned up no cost growth in 2015, which means the Office of the Secretary of Defense will not be imposing a penalty tax on any of the military services as required by law. The law, specifically section 828 of the Fiscal Year 2016 National Defense Authorization Act, requires each military department to pay a service-wide penalty for any cost overrun of a weapons project. OSD "has done an assessment of Major...

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