Reuters NATO's fleet of early-warning and surveillance aircraft, often called its "eyes in the sky," are aging, and the alliance has yet to choose a replacement. That delay could soon become costly, as the lack of a successor would require NATO to pay to extend the life of the current aircraft. Visit Business Insider's homepage for more stories. PARIS (Reuters) - NATO faces significant costs if it does not act soon to choose a successor for its ageing fleet of 14 Boeing E-3A Airborne Warning & Control System (AWACS) surveillance aircraft, often called the alliance's "eyes in the sky," senior officials said. Michael Gschossmann, general manager of the North Atlantic Treaty Organization agency that oversees the AWACS fleet, said he expected to finalize by December a $750 million contract with US arms maker Boeing to extend the life of the aircraft through 2035, with $250 million more earmarked for design, spare parts and testing.See the rest of the story at Business InsiderNOW WATCH: How Russia's most advanced military equipment stacks up against NATO hardwareSee Also:Hong Kong's leader Lam indefinitely delays proposed extradition law that drew some of the largest protests in territory's historyVladimir Putin gave China's Xi Jinping ice cream for his 66th birthdayUS is planning to send another 1,000 troops and a squadron of drones to Poland to counter RussiaSEE ALSO: The US is paying countries not to buy Russian weapons

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