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You must be thinking of a different boondoggle, the E-767, which is the obsolete radar package from the E-3 bolted to a 767. The E-7 is a 737.
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Ah right, it's a bit confusing between the bunch of these.

Nonetheless the price tag was only $400M/ea E-7 for the UK in 2019 (usual later price shenanigans not included)

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