The Air Force could save $100 billion over the next three decades by replacing its aging surveillance aircraft fleet with military versions of the Boeing 737 jet, says a new report by the Lexington Institute.
The eye-popping estimate by Lexington, a non-profit think thank that is partially funded by defense industry, assumes the Air Force retires all 73 Boeing 707 aircraft that currently perform ISR (intelligence, surveillance and reconnaissance) missions and replaces them with 58 new 737s.
Over 30 years, the maintenance and fuel costs associated with older, four-engine 707s alone would add up to $100 billion, says the author of the study Loren Thomson, Lexington’s chief operating officer.
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