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The research reported here is part of a continuing RAND study of the weapon acquisition process. It confronts two fundamental questions: how closely recent military programs have conformed to predictions of their cost and article-performance outcomes, and how the ratios of actual-to-predicted outcomes for programs of the 1960s compare with the ratios for programs of the 1950s.

This report is part of the RAND research memorandum series. The Research Memorandum was a product of RAND from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

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