The M1 program has incurred a multibillion-dollar expense for US taxpayers over a span of 4 many years. It’s reported that the precise development bills of the Abrams tank usually surpass the initially allotted funds. Based on GAO report in 1991, in the course of the July 1981 hearings held earlier than the Subcommittee on Worldwide Commerce, Finance, and Safety Economics inside the Joint Financial Committee, the Army’s Deputy Director for Weapons Programs indicated that the annual unit working prices of the M1 and the M1A1 tanks, adjusted to fixed fiscal yr 1982 {dollars}, have been $310,600 and $338,200, respectively. So, what are the core elements contributing to the remarkably excessive prices of Abrams tanks?
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