F-35 Tops List Of Over-Budget Programs

The Dept. of Defense has found six major procurement programs that have surpassed the legal limits set by the Nunn-McCurdy amendments, reports the American Forces Press Service.

The legislation aimed at cutting cost growth requires the Pentagon to compare the price tags of programs to the estimate of the cost at program launch. If acquisition costs are more than 50 percent more than the original estimate, the Pentagon must certify to Congress that the program is essential to...