Pentagon reports weapon program cost overruns

[Judi Lynn]

Pentagon reports weapon program cost overruns

15 minutes ago

WASHINGTON (Reuters) - Two multibillion-dollar Northrop Grumman Corp. projects -- the Global Hawk surveillance drone and a weather satellite system -- are running more than 25 percent over budget, the U.S. Defense Department told Congress on Friday in a filing that could lead to program cancellations.

Another Northrop project, a mini-submarine designed to deliver elite Navy Sea-Air-Land special forces, is being terminated because it, too, was running more than 25 percent over budget, the Pentagon said.

The department also told Congress that Lockheed Martin Corp.'s multiple launch rocket system, being co-developed with Britain, Italy, France and Germany, was more than 15 percent over budget. That is below the 25 percent threshold that risks cancellation but high enough to require congressional notification.
(snip/)

http://news.yahoo.com/s/nm/20060407/pl_nm/arms_usa_costs_dc;_ylt=A9G_Ry3s6TZEcHIB_gsa.3QA;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--

[ixion]

1. gee, and don't forget the missle defense shield that doesn't work

and that we're spending billions on per year.

It may not be over budget, but it sure is a waste of money.

[roseBudd]

2. Click through and rate it a 5, it only has 1 vote

[Psephos]

3. I'm shocked, I tell you, simply shocked. n/t

[merwin]

4. What does the military do with weather satellites?

My guess is they're not put there to monitor hurricanes.

[Sirveri]

5. They probably use them to monitor the weather.

Aircraft effectivness and naval landings rely on clear skies to be effective. Having an accurate forecast is important for aircraft operations.

[Voltaire99]

6. Nice piece on what the Pentagon budget could buy America

"An Alternative to Endless War and Perpetual Poverty" by Todd Chretien

http://counterpunch.com/chretien04072006.html

[WhiteTara]

7. k&r

and voted too. These bastards.