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Thursday, August 27, 2015

Air Forces Brushes Off $27 Billion Accounting Error

Air Force leaders on Monday shrugged off concerns that the service got the projected 10-years cost of its next-generation bomber wrong to the tune of more than $27 billion.

Last year, the Air Force told Congress the estimated cost for developing the Long-Range Strike Bomber from fiscal years 2015 to 2024 would be $33.1 billion. This year, the service put the price tag at $58.2 billion between fiscal 2016 and 2026, a 76 percent increase.

The service has since said the actual cost should have been $41.7 billion all along. Beyond that, officials aren’t sweating how such an error occurred in what is estimated to be a $55 billion, multi-decade program.

“There has been no change in the costing factors over the last two years … it was a mistake. It was a regrettable mistake,” Air Force Secretary Deborah Lee James said during a Pentagon press briefing.



Anonymous said...

It's okay, they can make it up on volume!

Anonymous said...

Yeah and we hail some of our military. Its shat like this that is wrong and goes unpunished. One more thing that needs overhaul.

Anonymous said...

What a couple billion between friends???

Anonymous said...

They must have forgot to put in ISIS's order too.