This article is included in these additional categories: Boeing | Budgets | Helicopters & Rotary | Issues - Political | New Systems Tech | Other Corporation | Rumours | USA
Major Cuts Scheduled for V-22 Osprey Program
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Ch-ch-ch-changes… Dan Dupont of Inside Defense (see their special Budget Blog) emails us to note that US Department of Defense is cutting $1.1 billion from the Marine Corps’ MV-22 Osprey program, and moving to implement the cut in the FY 2007 budget process. The reason for the cut is unusual, and the exact effect at this point is unpredictable. Ironically, the cut comes shortly after the first combat-ready MV-22 Block B was delivered to VMM 263 of the US Marine Corps’ 2nd Marine Expeditionary Force. V-22 climbdown The rationale for the $1.1 billion cut, defense officials told Inside The Navy, is a discrepancy: the Office of the Secretary of Defense’s Cost Analysis and Improvement Group (CAIG) has a cost estimate for the program that is about $1.1 billion lower than the Navy’s estimate (CAIG is usually higher and more conservative), while being slightly higher on the R&D side. Military.com reports that the switch means $1.1 billion will be cut from procurement and $50 million will be added to Osprey research and development. Money cut from the program would be rerouted to other defense budget priorities. The Pentagon approved full-rate production of the aircraft on Sept. 28, 2005, allowing the $50 […]
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