Assessment of the Air Forces Plan to Acquire 100 Boeing Tanker Aircraft

Abstract

The Department of Defense Appropriations Act, 2002 (Public Law 107-117), authorized the Air Force to pursue a pilot program for leasing as many as 100 Boeing 767 aircraft for up to 10 years and directed the service to describe its plan to the Congress before entering into such a lease. The Air Force, Boeing, the Office of the Secretary of Defense, and the Office of Management and Budget (OMB) reached an agreement in May 2003 for the service to acquire 100 Boeing KC-767A aerial refueling aircraft through a complex financing arrangement. The Air Force submitted the required report to the Congress on July 11, 2003. In that report, the Air Force concludes that the proposed leasing arrangement meets all requirements of the Department of Defense Appropriations Act, 2002, which specified that the terms had to be consistent with the criteria for an operating lease as defined in OMB Circular A-11, Preparation, Submission, and Execution of the Budget.

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Document Details

Document Type
Technical Report
Publication Date
Sep 04, 2003
Accession Number
AD1001722

Entities

People

  • Robert A. Sunshine

Organizations

  • Congressional Budget Office

Tags

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Aircraft Equipment
  • Aircrafts
  • Contracts
  • Department Of Defense
  • Economic Analysis
  • Federal Budgets
  • Fighter Aircraft
  • Financial Management
  • Money
  • National Governments
  • Procurement
  • Refueling In Flight
  • Tanker Aircraft
  • Transport Aircraft
  • United States Government

Fields of Study

  • Business

Readers

  • Aviation Science / Aeronautics.
  • Government Contracting/Procurement.