Home / News / CBO: Naval Aviation Fleet Replacement Would Cost $380B Through 2050

CBO: Naval Aviation Fleet Replacement Would Cost $380B Through 2050

The Congressional Budget Office predicts that the Department of the Navy would spend around $380 billion for new aircraft over the next 30 years. CBO said in its report published Monday that the U.S. Navy and Marine Corps may incur $7 billion to $17 billion in annual costs to maintain the composition and size of the naval aviation fleet.

The report also states that the replacement of attack and fighter aircraft would account for $190 billion of procurement costs within the 2020 to 2050 period. CBO predicts that costs would temporarily decease after 2030 when major programs such as the MV-22 tiltrotor aircraft ends, and rebound in the mid-2030’s when the new cycle of aircraft replacement begins.

According to CBO, the Navy and Marine Corps may opt to procure less expensive aircraft or put off replacement plans for F/A-18E/F fighter jets and MV-22B tiltrotors in the future.

DON currently has a fleet of around 4,000 aircraft, including fixed-wing, tiltrotor, training, cargo, utility and surveillance aircraft.

Check Also

NASA Presents Segmented Approach for Artemis Program

NASA has proposed an outline on how to approach the progressive phases of the Artemis program, an effort to revive manned space exploration. The space agency said Friday delivered a plan that lists requirements for lunar exploration and the progressive phases that would lead astronauts to Mars.