Mr. Stephen B. Loftus

DASA, Cost and Economics

Mr. Loftus was selected to the Senior Executive Service in September 2019. As Deputy Assistant Secretary of the Army for Cost and Economics, Mr. Loftus is responsible for Army policy and technical direction of all cost and economic activities. He delivers the Army's independent cost estimates for weapons & information systems; manages the development of Army cost positions on all systems reviewed by the Army Cost Review Board; and directs cost analyses dealing with force structure, personnel - military, civilian, and contract labor, base operations, and weapons & information systems operation and support. Mr. Loftus supports the Army’s Programming and Budgeting processes with cost and economic analysis. He also directs the Army’s cost management and performance management activities for internal and external reporting. He manages the Army wide cost research program to deliver cost tools, databases, and models throughout the Army.

Mr. Loftus started his career with DASA-CE in 1999 as a cost analyst serving on the Aviation Team of the Weapons System Cost Division where he developed independent cost estimates for Apache, Black Hawk, ATIRCM/CMWS, and Comanche. He then served as Cost Review Board analyst from 2003 through 2008 where he led HQDA working groups through the Cost Review Board (CRB) ACP development process and then as the Director from 2008 to 2020. Mr. Loftus has over 20 years of experience in Department of Defense cost analysis.

Mr. Loftus began his career as a Commissioned Officer in the Field Artillery in 1986 through an ROTC commission from The Citadel where he graduated with a bachelor’s degree in Mathematics & Computer Science. He spent ten years in the Army with assignments in Korea, Fort Carson, Germany, and Northern Virginia. He completed his Masters Degree in Cost Analysis from the Naval Post Graduate School in 2016.

ASA (FM&C) Biographies




Mr. Morteza Anvari
Director of Programs & Strategy & Deployment Director Lean Six Sigma, ASA (FM&C)
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Mr. John Bergin
DASA, Financial Information Management
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MG Paul A. Chamberlain
DASA, Army Budget
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LTG Thomas A. Horlander
Military Deputy, ASA (FM&C)
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Mr. Stephen B. Loftus
DASA, Cost and Economics
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Mr. Wesley C. Miller
DASA, Financial Operations
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Mr. Jonathan D. Moak
Principal Deputy, ASA (FM&C)
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Mr. Michael A. Ramsey
Deputy Director and Senior Advisor, Army Budget
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Honorable John E. Whitley
Assistant Secretary of the Army (FM&C)
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