The report, released by the Undersecretary of Defense for Acquisition, Technology and Logistics, Frank Kendall, is an internal review of the Defense Department’s acquisition activities, and contains a chart of 23 pricey projects that received billions in initial funding but were later canceled. The report shows this happening as far back as 1997.
The Army’s Future Combat System was one of the most expensive of the doomed military-money pits, costing over $20 billion, with the RAH-66 Comanche attack and reconnaissance helicopter second with a $9.8 billion price tag before operations were ceased. Taken together these two programs account for 50 percent of what was deemed “sunk costs,” according to the Washington Examiner.
The $3.7-billion National Polar-orbiting Operational Environmental Satellite System, the $2.7-billion Lockheed Martin VH-71 helicopter, and the $2.5-billion JLENS air-defense blimp are a few of the other pricey and failed ventures detailed in the report.
Out of 23 projects, eight were able to spend all of their allocated money before the plug was pulled.
