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Highlights

The financial status of major acquisitions of the U.S. Government, including acquisitions financed solely with Federal funds, and those financed jointly with Federal, State, and other funds was reviewed. Explanations for cost growth were obtained only for those weapon systems included on selected acquisition reports of the Department of Defense, and for other projects having cost increases of 100 percent or more. Inflation, engineering, and quantity changes were identified as the major causes of cost growth.

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