Drift

Excalibur M982

Excalibur · Army · Raytheon · truncated

−62% $5.1B (2003) → $1.9B (2014)
Excalibur M982: cost trajectory from $5.1B in 2003 to $1.9B in 2014, −62% growth. Explore Excalibur interactively → Download 1-page brief (PDF)
Baseline
$5.1B (2003)
Current estimate
$1.9B (2014)
Cost growth
−62%
Units
76677 → 7474
Quantity change
−90%
Unit-cost change
+292%
IOC
— → 2014 (Inc Ib)
Schedule slip
—
Cost basis
BY
Confidence
high · reconciled
The bill fell 62% — because the Army cut the buy from 77,000 precision rounds to 7,500. Cost per round nearly QUADRUPLED. A shrinking total is not the same thing as a cheap program.

Source: GAO-15-342SP, Excalibur profile p.79 — constant FY2015 $M: first full estimate 02/2003 $5,059.1M / 76,677 rounds vs 08/2014 $1,934.1M / 7,474; unit cost +292.2%, quantity −90.3% (all stated).

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Drift — an independent project by Aous Abdo · Analytica DSS, built from public GAO, CRS and DoD sources. Cost growth has many causes; a larger number is not by itself evidence of mismanagement. How this is built · Explore the data →