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Every M1 thats being repaired or overhauled comes out as a M1A2 (SEP) at a cost of 7 million each. The upgrades will reduce the M1 versions from 5 to 2, (M1A1 AIM and the M1A2 SEP).
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This is not exactly a true statement. The upgraded tanks should be M1A2 CEEPs which is an additional variant and the total force will not have A2 variants until at least 2012 according to what I have been told. Probably be further off than that considering the price of the war.