On October 16, 2024, defense contractor RTX (formerly Raytheon) agreed to pay over $950 million to resolve Justice Department investigations into fraudulent billing schemes, foreign bribery, and export control violations spanning more than a decade. The settlement addressed three major criminal …
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Representative Ken Calvert, chairman of the House defense appropriations subcommittee, disclosed that General Dynamics’ Virginia-class submarine program faced a projected $17 billion cost overrun through 2030, increasing the program’s total cost from $184 billion and delaying submarine …
General DynamicsHuntington Ingalls IndustriesKen CalvertCarlos Del ToroNavydefense-contractorscost-overrunssubmarinesgeneral-dynamicspentagon+1 more
Northrop Grumman’s RQ-4 Global Hawk surveillance drone program experienced massive cost escalation, with per-unit costs exploding from an initial $60.9 million in 2001 to $222.7 million per aircraft (including development costs) by 2013—a nearly four-fold increase that forced the Air Force to …
Northrop GrummanU.S. Air ForceDepartment of DefenseGovernment Accountability OfficeMilitary-Industrial ComplexDefense ContractorsCost OverrunsSurveillance StateDrone Warfare+2 more
The Northrop Grumman B-2 Spirit stealth bomber’s operating costs reached approximately $150,000 per flight hour according to U.S. Department of Defense estimates, making it the most expensive military aircraft to operate in history and generating massive ongoing revenue for Northrop Grumman …
Northrop GrummanU.S. Air ForceDepartment of DefenseMilitary-Industrial ComplexDefense ContractorsCost OverrunsPentagon ContractsStealth Technology+1 more
The U.S. Air Force’s B-2 Spirit stealth bomber program, built by Northrop Grumman, reached a staggering total program cost of $44.389 billion in then-year dollars by 1997, according to Government Accountability Office reports. This represented a dramatic escalation from original estimates and …
Northrop GrummanU.S. Air ForceDepartment of DefenseU.S. CongressGovernment Accountability OfficeMilitary-Industrial ComplexDefense ContractorsCost OverrunsPentagon ContractsStealth Technology+1 more