PRECISION-GUIDED MUNITIONS.

SEC. 261. PRECISION-GUIDED MUNITIONS. (a) Analysis Required.— The Secretary of Defense shall perform an analysis of the full range of precision-guided munitions in production and in research, development, test, and evaluation in order to determine the following: (1) The numbers and types of precision-guided munitions that are needed to provide complementary capabilities against each target class. (2) The feasibility of carrying out joint development and procurement of additional types of munitions by more than one of the Armed Forces. (3) The feasibility of integrating a particular precision-guided munition on multiple service platforms. (4) The economy and effectiveness of continuing the acquisition of— (A) interim precision-guided munitions; or (B) precision-guided munitions that, as a result of being procurea in decreasing numbers to meet decreasing quantity requirements, have increased in cost per unit by more than 50 percent over the cost per unit for such munitions as of December 1, 1991. (b) Report.— (1) Not later than April 15, 1996, the Secretary shall submit to Congress a report on the findings and other results of the analysis. (2) The report shall include a detailed discussion of the process by which the Department of Defense— (A) approves the development of new precision-guided munitions; (B) avoids duplication and redundancy in the precision-guided munitions programs of the Army, Navy, Air Force, and Marine Corps; (C) ensures rationality in the relationship between the funding plans for precision-guided munitions modernization for fiscal years following fiscal year 1996 and the costs of such modernization for those fiscal years; and (D) identifies by name and function each person responsible for approving each new precision-guided munition for initial low-rate production. 110 STAT. 236 (c) Funding Limitation.— Funds authorized to be appropriated by this Act may not be expended for research, development, test, and evaluation or procurement of interim precision-guided munitions after April 15, 1996, unless the Secretary of Defense has submitted the report under subsection (b). (d) Interim Precision-Guided Munition Defined— For purposes of subsection (c), a precision-guided munition is an interim precision-guided munition if the munition is being procured in fiscal year 1996, but funding is not proposed for additional procurement of the munition in the fiscal years after fiscal year 1996 that are covered by the future years defense program submitted to Congress in 1995 under section 221(a) of title 10, United States Code.