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Monday, October 27, 2014

AWD's $800 million blowout

Hobart class DDGThe projected cost of Australia’s troubled Air Warfare Destroyer (AWD) program has risen to about $800 million more than its $8.5 billion budget, informed sources have told IHS-Jane’s.

This figure is nearly $500 million more than an overrun forecast by an Australian National Audit Office (ANAO) report in March, although the ANAO warned that the situation was likely to deteriorate significantly.

The first of the three 7,000 tonne Hobart class AWDs is not scheduled to be delivered to the Royal Australian Navy (RAN) until March 2016, with the second delivery scheduled for September 2017 and the third for March 2019.

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