November 17, 2008 7:09 PM
- Text
Latest Selected Acquisition Reports (SAR) Released to Congress
(MoneyWatch) By Law the Department of Defense must submit to Congress annual reports on the major acquisition programs. The report chosen is called the Selected Acquisition Report (SAR). These are normally submitted when the President sends the full budget to the Hill. SAR reports are also submitted quarterly for programs that have cost or schedule issues. The latest sets of these reports were just submitted for the quarter ending 30 September. The Department puts out a press release summarizing the reports like this. These reports show a net change to the total cost of reported programs of over $2 billion.
The reason for this decrease was the termination of the contract with Bell Helicopter for the RH-70 Armed Reconnaissance Helicopter (ARH). This program had significant cost and schedule increases due to the complexity with integrating the required weapon, sensor and data links on the aircraft. The program will be continued with a new contract award next year. The Army had spent $500 million of the $5 billion planned for the program, which led to the decrease. Unfortunately another program, the Advanced Extremely High Frequency (AEHF) communication satellite, reported major cost growth which led to the net change. If you want to track the major programs and their changes the SAR releases are the easiest way to do so.
The reason for this decrease was the termination of the contract with Bell Helicopter for the RH-70 Armed Reconnaissance Helicopter (ARH). This program had significant cost and schedule increases due to the complexity with integrating the required weapon, sensor and data links on the aircraft. The program will be continued with a new contract award next year. The Army had spent $500 million of the $5 billion planned for the program, which led to the decrease. Unfortunately another program, the Advanced Extremely High Frequency (AEHF) communication satellite, reported major cost growth which led to the net change. If you want to track the major programs and their changes the SAR releases are the easiest way to do so.
Latest Now in MoneyWatch
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
- 6 things you should never share on Facebook
- Make moves now to increase financial aid
- Valentine's Day: 9 places to save
Latest CBS News Headlines
on Facebook Most Discussed Stories
on CBS News
- Schwarzenegger joins Stallone in 'The Tomb'
- Gary Busey files for bankruptcy in Los Angeles
- Gary Busey files for bankruptcy in Los Angeles
- London premiere for 'Best Exotic Marigold Hotel'
on Facebook Most Discussed Stories
on CBS News






