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This last calculation, however, assumes that defense bills will be no larger than Reagan estimates???an assumption open to serious question, given the past history of Pentagon cost overruns and the debatable forecasting record of economists. The ballooning has already begun. The anticipated cost of a new infantry fighting vehicle for the Army has doubled from $900,000 to $1.8 million each; the expected price of SOTAS, a helicopter-borne radar system designed to spy out troop movements far behind enemy lines, more than tripled from $8.7 million to $28 million per unit. Many Congressmen fear that unless military outlays...

Author: /time Magazine | Title: Arming for the '80s | 7/27/1981 | See Source »

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