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GAO: DoD Lacks Strategy for Weapons Portfolio Management

1 min read

PentagonThe Defense Department needs an integrated approach to prioritize, evaluate and finance the department’s weapon procurement initiatives, according to a study by the Government Accountability Office.

GAO said Aug. 27 that DoD has 78 ongoing weapon acquisition programs that cost more than $1.4 trillion combined.

Acquisition and requirement development personnel at the department reported not having readily accessible data, analytical tools and other resources to perform regular assessment of weapons portfolio, GAO noted.

The agency urged DoD to update the department’s portfolio management policy and appoint a senior executive to implement it, as well as review weapon requirements, budget and acquisition processes on an annual basis.

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