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Warplanes: July 23, 2001

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The F-22 program is in cost trouble again. Congress has demanded that the Air Force buy 339 aircraft for $37.6 billion (not counting development costs, which are also under a Congressional limit). The Air Force has been saying for a year that it will be $2 billion over this limit, and now says that the actual cost overrun will be closer to $9 billion. The Air Force says that with more money NOW it can reduce future costs, saving $7 for every $1 extra it gets next year.--Stephen V Cole

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