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Defense Research Spending Seen as High Risk Venture
In Washington, the Defense Department faces high risk in its research and development spending for military hardware. Congress rejected the Navy PHIB fighter after six years and 2.3 billion dollars, highlighting the uncertain payoff of experimental aircraft and engine development. The Harvard study cited cost overruns and competitive tensions as central issues driving up R and D expenses.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Congress
Navy
Defense
Robert So
WoNaura
Tetalad
Methon
Secretary of Defense
McNamara
Air Force
Navs
John L McClellan
D Ark
Pentagon
R&d
General Dynamics