Wednesday, August 19, 2015

US Air Force Screwed up Long Range Strike Bomber Budget Estimates...TWICE

The U.S. Air Force misstated the 10-year cost for research, procurement and support of its new long-range bomber in annual reports to Congress.

Last year, the Air Force estimated the cost of the top secret Long-Range Strike Bomber at $33.1 billion from fiscal 2015 through 2025. This year, it reported the fiscal 2016-2026 cost as $58.4 billion.

Asked to explain the change from one estimate to the other, the Air Force responded that both numbers were wrong -- and the correct ones were $41.7 billion for each period. The 10-year cost is the first installment in what could be a 30-year program.

“The Air Force is working through the appropriate processes to ensure” that the congressionally mandated report “is corrected, and that our reports in subsequent years are accurate,” Air Force spokeswoman Ann Stefanek said in an e-mail.

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