Australia owns six domestically built Collins class submarines but persistent mechanical problems and high operating costs barely keep two in the water at a time. In a recent parliamentary hearing officials revealed that operating costs for 2002-2003 had been A$203 million but estimates for 2014-2015 it would clime to A$640 million with three boats available at most. Given a shrinking Australian defense budget, an ambitious submarine replacement project, and a quite submarine arms race in the region how much money can they put into these lemons?
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