2.2 Project Expenditure History

Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2 Project Expenditure History

 

 

 

 

 

Prior to Jul 10

 

 

99.6

 

US Government (2 FMS cases

4

 

 

 

73.2

 

Lockheed Martin

5

 

 

 

27.7

 

Other

 

 

 

 

 

200.5

 

 

FY to Jun 11

 

 

34.5

 

US Government (2 FMS cases

4

 

 

 

5.0

 

Lockheed Martin

6

 

 

 

4.7

 

Other

 

 

 

 

 

44.2

 

 

Jun 11

Total Expenditure 

 

 

244.7

 

 

 

 

 

 

 

 

 

Jun 11

Remaining Budget

 

 

98.6

 

 

 

 

 

 

 

 

Notes

1

First Pass approval.

2

Government Approved Real Cost Decrease in June 2011 to remove moving target from project scope.

3

Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach was $59.2m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $3.4m having been applied to the remaining life of the project.

4

Section 2.4 Prime Acquisition Contracts covering acquisition of the JASSM Materiel System and integration with the AF/A-18 have been combined due to classification.

5

Other expenditure comprises: operating expenditure, contractors, consultants, other capital expenditure (e.g. travel) not attributable to the aforementioned top three contracts and minor contract expenditure. Additionally, AIR 5418 was required to fund the Resident Project Team at China Lake for calendar year 2011 due to ongoing integration activities.

6

Other expenditure to June 2011 includes activities by Defence Science & Technology Organisation, Aerospace Operational Support Group, Tactical Fighter Systems Program Office integration support, Joint Mission Planning System (JMPS) support and specialist engineering services for the AIR 5418 Project Office.