Tags: DoD | Report | Billions | Sunk | Canceled | Weapons

Department of Defense Report: $58B 'Sunk' on Canceled Weapons

Image: Department of Defense Report: $58B 'Sunk' on Canceled Weapons

A Boeing, Sikorsky RAH-66 Comanche helicopter comes in for a landing at Sikorsky's West Palm Beach Development Flight Center Wednesday, May 27, 1998, during a media showing of the Army's newest Observation Attack craft. (AP Photo/Phil Sandlin)

By    |   Wednesday, 26 Oct 2016 11:14 AM

The Department of Defense wasted $58 billion on canceled weapons over two decades, the Washington Examiner reported.

Buried on page 107 of a 224-page report written by Undersecretary of Defense Frank Kendall is the line item "Total Sunk:" $58.3 billion.

Dating back to 1997, the biggest expenditure to never come to fruition was the near $21 billion spent on the Future Combat System, the Examiner reported.

Combined with $9.8 billion dropped on the Comanche helicopter, those two alone account for nearly 50 percent of the sunk costs, according to the Examiner.

The Examiner reported that not all is lost; technology developed for the failed weaponry can be used in other systems.

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
The Department of Defense wasted $58 billion on canceled weapons over two decades, the Washington Examiner reported.
DoD, Report, Billions, Sunk, Canceled, Weapons
111
2016-14-26
Wednesday, 26 Oct 2016 11:14 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved