COVID-19 wallops US acquisition projects and threatens future spending
The US DoD is bracing for a potential three-month slip to the schedules of its big-ticket weapons portfolio in the wake of the COVID-19 coronavirus pandemic. Such setbacks will introduce inefficiencies, delay key milestones and cost billions of dollars.
Ellen Lord, Under Secretary of Defense for Acquisition and Sustainment, estimates a blanket 90-day effect on all Major Defense Acquisition Programs (MDAPs): a roster of about 100 of the largest programmes that are collectively worth $2 trillion, including sunk costs and projected spending.
‘We believe there will be a three-month impact that we can see right now,’ Lord told reporters
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