DOD acquisition practices suffered cost overruns in the billions of dollars

February 2, 2008
DOD acquisition practices suffered cost overruns in the billions of dollars

The Defense Department's major weapons programs have suffered cost overruns in the billions of dollars, years-long delays and quality shortfalls because of poor acquisition practices by the department, according to a report released yesterday by the Government Accountability Office.

The GAO warned that the cost of designing and developing weapons systems could "continue to exceed estimates by billions of dollars" if the Defense Department doesn't improve its acquisition practices.