The annual report into the Ministry of Defence's largest projects said that during the crucial period when the British armed forces will be exiting Afghanistan, estimated to be completed in 2014, there will not be enough tactical transport aircraft and refuelling capability at an "extremely busy" time.
After 2022, the tactical air transport fleet, currently made up of Hercules C-130J aircraft which are being replaced, will have a shortfall of a third.
"The delays in introducing the new aircraft and budgetary constraints have caused critical shortfalls in some capability areas," the NAO warned.
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