House Oversight and Government Reform Committee Holds Hearing on Defense Department Acquisitions: “The hearing will examine the recent report by the Government Accountability Office (GAO) titled, Defense Acquisitions: Assessments of Selected Weapon Programs. This report found that the Defense Department’s 95 major weapons acquisition programs currently exceed their original budgets by nearly $300 billion dollars and are, on average, 21 months late in delivering these weapons systems to warfighters. These rates of cost overruns and delivery delays are significantly higher than in previous GAO surveys. The hearing will represent the first opportunity for Department of Defense officials to testify to Congress about the report.”