... In last year’s budget request, the Air Force included about $12.6 billion in its research, development, technology and evaluation account for the next-generation bomber from FY17 through FY20, according to official budget documents. But for the same time period, the service’s FY17 funding profile for LRS-B is about $9.1 billion – a significant drop of about $3.5 billion.
Budget observers took to Twitter Tuesday after the initial budget rollout to lambaste the Air Force for cutting resources for the bomber. However, the reduction simply reflects the service’s updated cost estimate for the program since awarding a contract to Northrop Grumman Oct. 27, Air Force deputy for budget Carolyn Gleason told reporters Tuesday at the Pentagon. ...
Now the real news here isn't that the estimated program cost dropped nearly 28% with
The REAL story is:
- How much cost estimates can and do vary wildly depending upon assumptions made and external factors...even over short periods of time.
- No cost estimate involving the design and fielding of new technology in an unstable funding environment is any more 'REAL' than ANY other.
I submit that ALL such cost estimates should be prefaced from this day forward with...