The Air Force's Proposal for Procuring F-22 Fighters
Abstract
Mr. Chairman, Senator Lieberman, and Members of the Subcommittee, I am pleased to appear before you today to discuss the Air Force s acquisition strategy for the F-22 fighter program. At your request, the Congressional Budget Office (CBO) has examined the proposal for a multiyear procurement contract for 60 aircraft, focusing specifically on the additional material that the Air Force submitted to the Congress after the Subcommittee s hearing on this matter on March 28, 2006. When the Air Force proposed a multiyear procurement contract for 60 F-22As in February as part of the President s budget request for fiscal year 2007, it had not completed the analysis required by the statute that authorizes multiyear procurement (10 U.S.C. 2306b) to determine whether such a contract would result in substantial savings compared with the cost of procuring the aircraft through a series of annual contracts. At the request of the Department of Defense (DoD), the Institute for Defense Analyses (IDA) completed that analysis in May, in which it determined that procuring those aircraft through a multiyear contract could save $235 million, or about 2.2 percent of the estimated $10.8 billion cost of procuring those aircraft through three annual contracts.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 25, 2006
- Accession Number
- ADA596398
Entities
People
- David B. Newman
Organizations
- Congressional Budget Office