Daily News

Major weapon programs avoid cost-growth penalty tax, again; OSD establishes liability caps

By Jason Sherman  
January 16, 2019 at 2:19 PM
A mandatory audit of major weapon system programs turned up no cost growth in fiscal year 2018, which means the Office of the Secretary of Defense did not impose a penalty tax -- for a fourth consecutive year -- on any of the military services as required by law. The office of the Pentagon's acquisition executive found the Army, Navy and Air Force all executed major weapon system development programs in FY-18 without triggering a tax that could be used...

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