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From Wired:
The hypersonic, unmanned Blackswift could become almost anything: a satellite launcher, an SR-71-style spy plane or even a super-evasive — nay, untouchable — bomber. That is, if it could just keep its funding. After many years rumored work, Blackswift stepped into the light in 2007 when the Defense Advanced Research Projects Agency launched a formal development program, aiming to build two prototypes for a total cost of around $1 billion. Two years later, Blackswift was dead, a victim of budget cuts and skeptical lawmakers.
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