COST ANALYSIS OF F–22 AIRCRAFT PROGRAM.

SEC. 217. COST ANALYSIS OF F–22 AIRCRAFT PROGRAM. (a) Review and Report.— The Secretary of Defense shall direct the Cost Analysis Improvement Group in the Office of the Secretary of Defense to review the F–22 aircraft program, analyze and estimate the production costs of the program, and submit to the Secretary a report on the results of the review. (b) Content of Report.— The report shall include— (1) a comparison of— (A) the results of the review, with (B) the results of the last independent estimate of production costs of the program that was prepared by the Cost Analysis Improvement Group in July 1991; and (2) a description of any major changes in programmatic assumptions that have occurred since the estimate referred to in paragraph (1)(B) was made, including any major change in assumptions regarding the program schedule, the quantity of aircraft to be developed and acquired, and the annual rates of production, together with an assessment of the effects of such changes on the program. (c) Submission of Report.— Not later than March 30, 1997, the Secretary shall submit the report to the congressional defense committees, together with the Secretary’s views on the matters covered by the report. (d) Limitation on Use of Funds Pending Submission of Report.— Not more than 92 percent of the funds appropriated for the F–22 aircraft program pursuant to the authorization of appropriations in section 103(1) may be expended until the Secretary of Defense submits the report required under this section.