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The Cost of Replacing Today’s Air Force Fleet

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  • Congressional Budget Office

Abstract

The U.S. Air Force has about 5,600 aircraft, which range in age from just-delivered to 60 years old. Many of those aircraft are nearing the end of their service life. In this report, CBO estimates that replacing those aircraft would cost an average of $15 billion a year in the 2020s. That figure would rise to $23 billion in the 2030s and then fall back to about $15 billion in the 2040s. In comparison, appropriations for procuring new aircraft averaged about $12 billion per year between 1980 and 2017 (in 2018 dollars).

Suggested Citation

  • Congressional Budget Office, 2018. "The Cost of Replacing Today’s Air Force Fleet," Reports 54657, Congressional Budget Office.
    • Handle: RePEc:cbo:report:54657
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    File URL: https://www.cbo.gov/system/files/2018-12/54657-AirForceAviationFunding.pdf
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    More about this item

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-
    • N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
    • N72 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - U.S.; Canada: 1913-

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