Estimate $m

Actual $m

Variance $m

Variance Factor

Explanation

FMS

The underachievement is due to slippage of milestone payments and approval of Contract Change Proposals (CCPs), and associated payments, and savings from lower than expected costs for reimbursement to Air Force for tanker lease costs.

(26.1)

Overseas Industry

Local Industry

Brought Forward

Cost Savings

9.2

FOREX Variation

Commonwealth Delays

194.7

177.8

(16.9)

Total Variance