April 24, 2013: Strategy Page
The U.S. Department of Defense has 86 major procurement projects, worth $1.6 trillion if all are completed. This figure makes some allowance for cost growth, but those allowances, historically, are usually too low. The $1.6 trillion figure is nine percent less than it was last year and is expected to continue to decline as the defense budget shrinks over the next decade. That shrinkage will come from some projects being dropped, others reduced and fewer new ones arriving.
The ten costliest projects in the last year (in terms total project cost as of last year) are;
These ten projects represent 62 percent of the remaining cost of all the large procurement projects. These ten projects have already consumed $805 billion.