Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

The variance is largely attributable to the forecast expenditure for Repairable Items and Support & Test Equipment -approx $18m under the forecast. The remainder of the variance was due to delays in the aircraft engineering modification programs for items such as Helmet Mounted Sight and Display and Command Jettison Modules.

Overseas Industry

(14.8)

Local Industry

Brought Forward

Cost Savings

FOREX Variation

(6.4)

Commonwealth Delays

117.3

96.1

(21.2)

Total Variance