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Thursday, December 02, 2010

Defence project delays lead to an $8bn blowout

Boeing 737-700 AEW&C (Wedgetail)The nation's top 22 major defence projects are running up to a decade late and have suffered cost blowouts of almost $8 billion.

And for the first time, Defence has admitted that the $4 billion Project Wedgetail - the RAAF's new airborne early warning and control aircraft - will not meet one of its key capability requirements.

There are two SA projects in the list, the Collins submarine reliability and sustainability project and the Collins submarine replacement combat system.

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