Actually, what he believes in is the sound of his own babbling.
Cost of the initial tri-Service systems analysis trade was $16M. Tbat typically runs about .1% of the system LCC estimate, or about $1.6B. The 1999 study recommended several R&D developments tbat were initially funded at 10s of millions per year each. The IC had over 20 man-years per year supporting the work, that alone over 16 years is $80M. Your $200K per unit cost just scratches the surface.