12/09/2012 12:46 pm ET Updated Feb 08, 2013

Air Force's Billion-Dollar Software Stumble

For the United States Air Force, installing a new software system has certainly proved to be a wicked problem. Last month, it canceled a six-year-old modernization effort that had eaten up more than $1 billion. When the Air Force realized that it would cost another $1 billion just to achieve one-quarter of the capabilities originally planned -- and that even then the system would not be fully ready before 2020 -- it decided to decamp.

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