Navy overran cost limits, tried cover-up, panel says
Washington — A congressional committee has charged the United States Navy with amassing more than $500 million in cost overruns on the F-A-18 fighter-bomber - and juggling money to conceal the funding shortfall.
The House Appropriations Committee and its defense subcommittee submitted the charges in a letter to Defense Secretary Caspar Weinberger.
The eight-page letter said that because of the alleged wrongdoings, the panel could not consider appropriating money for the F-A-18 requested in the fiscal 1984 budget, which is to be presented later this month. The projected budget for the F-A-18 Hornet program is $40 billion for 1,366 planes.