Estimate
$m

Actual $m

Variance
$m

Variance Factor

Explanation

FMS

The Year to Date variance of $6.6m is a result of additional price variation claims $0.7m, early delivery of some ECA design elements $1.3m, early completion of facilities in Tamworth $0.8m, early SOTASip deliveries $1.2m, early vehicle delivery milestones $1.8m, early delivery of S&TE $0.7m and $0.1m in other costs.

Overseas Industry

Local Industry

6.6

Brought Forward

Cost Savings

FOREX Variation

Commonwealth Delays

109.0

115.6

6.6

Total Variance