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Navy/USMC

CBO Says Replacing Naval Aviation Fleet To Cost $380 Billion

Rich Abott By
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CBO Says Replacing Naval Aviation Fleet To Cost $380 Billion
CBO Report, The Cost of Replacing Today’s Naval Aviation Fleet, January 2020. (Image: CBO)

A new Congressional Budget Office (CBO) report estimated it will cost the Department of the Navy about $380 billion to maintain the current size of the Navy and Marine Corps aviation fleet through 2050. The report, The Cost of Replacing Today’s Naval Aviation Fleet, released Monday, estimates that buying new aircraft to maintain the current naval aviation force size will cost about $11 billion per year through 2030. CBO said this is “an amount similar to the average since 2000.”…

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