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IMMEDIATE RELEASE

Release No: 624-01
December 07, 2001

DOD RELEASES SELECTED ACQUISITION REPORTS

The Department of Defense has released details on major defense acquisition program cost and schedule changes since the September 2000 reporting period. This information is based on the Selected Acquisition Reports (SARs) submitted to the Congress for the Sept. 30, 2001 reporting period.

SARs summarize the latest estimates of cost, schedule, and technical status. These reports are prepared annually in conjunction with the President's budget. Subsequent quarterly exception reports are required only for those programs experiencing unit cost increases of at least 15 percent or schedule delays of at least six months. Quarterly SARs are also submitted for initial reports, final reports, and for programs that are rebaselined at major milestone decisions.

The total program cost estimates provided in the SARs include research and development, procurement, military construction, and acquisition-related operation & maintenance. Total program costs reflect actual costs to date as well as anticipated costs for future efforts. All estimates include allowances for anticipated inflation.

The current estimate of program acquisition costs for programs covered by SARs for the prior reporting period (September 2000) was $782,472.2 million. After subtracting costs for a completed program (SSN 21 Seawolf / AN/BSY-2 Seawolf combat system) and adding costs for a reinstated program (MCS) from September 2000, the adjusted current estimate of program acquisition costs was $770,593.7 million. There was a net cost increase of $5,850.1 million during the current reporting period (September 2001). For more detail on cost changes and other SAR information, see the following web links.

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