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Tuesday, March 27, 2012

Boeing KC-46 tanker may be delayed -GAO report

[KC-767 (KC-46) Tanker Aircraft]One year into its development, the Air Force's new KC-46 refueling tanker being developed by Boeing Co faces "significant schedule risks" and technical challenges, and is already $900 million over budget, a congressional report found.

The Government Accountability Office, an investigative arm of Congress, said the Air Force had limited its liability for cost overruns on the $51.7 billion program by using a fixed-price contract, but schedule delays were still possible.

"Even with these safeguards, it is important to note that one year into development, Air Force and contractor development cost estimates exceed the development contract amount and significant schedule risks have been identified," GAO wrote in an annual report on the program required by Congress.

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