Status of FAA's Major Acquisitions
We released our second annual report on the status of FAA’s 20 major acquisitions. We found that cost growth, schedule delays, and performance problems continue, with the 20 projects experiencing overall cost growth of about $4.3 billion and schedule slips of from one to seven years. To control its acquisition costs, we recommended that FAA update the cost, schedule, and performance baselines for at least the Standard Terminal Automation Replacement System (STARS), Integrated Terminal Weather System, Local Area Augmentation System, and Wide Area Augmentation System. This updating process may require FAA to establish a new strategy that accelerates some projects and defers others. We also recommended that FAA develop and use performance goals for assessing the progress of its major acquisition projects.