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Defense Aircraft Investments: Major Program Commitments Based on Optimistic Budget Projections

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Report Type Reports and Testimonies
Report Date March 5, 1997
Report No. T-NSIAD-97-103
Subject
Summary:

Although the Defense Department (DOD) plans to buy more than 8,300 aircraft at a cost of $343 billion through fiscal year 2030, the financing of these acquisitions appears questionable given likely future defense budgets. GAO believes that the need and timing of several planned military aircraft acquisitions should be reexamined. This testimony discusses (1) how much DOD has historically spent on aircraft purchases, (2) the availability of funding for aircraft purchases, and (3) how funding instabilities have led to schedule delays and billions in cost increases. GAO also discusses recent reports in which GAO questions the need and timing of some aircraft programs.

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