The Navy has approved a new acquisition program baseline for its Advanced Arresting Gear program, following a significant Nunn-McCurdy cost breach and overruns due to necessary program updates. The current estimate for total procurement now sits at approximately $1.3 billion -- higher than the initially projected $778 million in 2016. Due to program updates in fiscal year 2025, average procurement unit cost climbed from almost $260 million in 2016 to nearly $330 million, according to AAG’s modernized selected acquisition report...
