JLTV Program Cost Estimate Drops By $6 Billion
WASHINGTON — The acquisition cost estimate of the Joint Light Tactical Vehicle program has dropped by nearly $6 billion, according to a Pentagon Selected Acquisition Report (SAR) released Thursday.
The program cost is down by over 19 percent from $30.6 billion to $24.7 billion due to “revised estimates” of the unit cost of vehicles and kits, the SAR reads. Breaking that down, the lower cost estimate is based on $3.7 billion in realized savings, $1.3 billion in adjustments due to a stretched out procurement and $550 million due to a changed methodology in estimating technical data package costs, among a few other factors.
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