The GAO's 11th Annual Assessment of Selected Weapon Programs

Abstract

This paper reflects the GAO's observations on how well the DoD is planning and executing its $1.602 trillion portfolio of major weapon programs. Although the total projected cost of the portfolio remains significant, that cost has declined since peaking at $1.75 trillion in 2010 and is currently at its lowest point in over five years. In addition, the number of programs in the portfolio has decreased from 98 programs in 2010 to 86 programs in 2012. DoD weapon system acquisition represents one of the largest areas of the government's discretionary spending. With the likelihood of decreased defense budgets looming in the near future, it is imperative that the DoD continue to find ways to reduce cost and improve efficiency.