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Budget

SASC Hearing on Ford Carrier Leads to Questions on Accountability, Acquisition Reform

Valerie Insinna

Friday, October 2nd, 2015

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SASC Hearing on Ford Carrier Leads to Questions on Accountability, Acquisition Reform

The Gerald R. Ford (CVN-78) after launching in 2012. Photo: Huntington Ingalls Industries

The Thursday Senate Armed Services Committee hearing on the Ford-class carrier, which has been dogged by ballooning costs and schedule delays, turned into a referendum on acquisition reform.The USS Gerald R. Ford (CVN-78) is more than $2 billion over its initial budget, and a Government Accountability Office report released yesterday stated that further cost overruns are likely. The director of the Pentagon’s independent weapons testing office, Michael Gilmore, testified that several of the developmental systems on the ship—such as the…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]