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 <subject>Cost effectiveness analysis</subject>
 <subject>Defense capabilities</subject>
 <subject>Defense contingency planning</subject>
 <subject>Equipment leases</subject>
 <subject>Leasing policies</subject>
 <subject>Maintenance costs</subject>
 <subject>Military aircraft</subject>
 <subject>Military cost control</subject>
 <subject>Present value</subject>
 <subject>KC-135 Aircraft</subject>
 <subject>KC-767A Aircraft</subject>
 <subject>KC-130 Aircraft</subject>
 <subject>DC-10 Aircraft</subject>
 <subject>MC-130 Aircraft</subject>
 <subject>HC-130 Aircraft</subject>
 <subject>Hercules Aircraft</subject>
 <subject>F-18 Aircraft</subject>
 <subject>Hornet Aircraft</subject>
 <subject>S-3 Aircraft</subject>
 <subject>KC-10 Aircraft</subject>
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<titleInfo>
 <title>Military Aircraft: Observations on the Air Force&apos;s Plan to Lease Aerial Refueling Aircraft</title>
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<abstract>At 543 aircraft, the KC-135 is the mainstay of U.S. aerial
refueling capability. Recapitalizing this fleet is crucial to	 
maintaining this capability and, ultimately, maintaining the	 
mobility of U.S. forces. In the fiscal year 2002 defense	 
appropriations act, the Congress authorized the Air Force to	 
lease up to 100 aerial refueling aircraft after the Air Force	 
reported its plans to the Senate and House Armed Services	 
Committees and Defense Appropriations Subcommittees. The Air	 
Force sent Congress on July 10 its report containing a business  
case analysis of its proposed lease. The Air Force plans to lease
100 KC-767A aircraft for 6 years each from a special purpose	 
entity (SPE) that will order the aircraft from the Boeing	 
Company. GAO was asked to (1) summarize the Air Force&apos;s report	 
for leasing KC-767A aircraft, (2) present its observations on the
report and justification for the lease, and (3) identify related 
issues and costs to assist the Congress as it considers the Air  
Force&apos;s proposal.</abstract>
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<identifier type="preferred citation">GAO-03-1143T</identifier>
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<note>Testimony</note>
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 <topic>Cost effectiveness analysis</topic>
 <topic>Defense capabilities</topic>
 <topic>Defense contingency planning</topic>
 <topic>Equipment leases</topic>
 <topic>Leasing policies</topic>
 <topic>Maintenance costs</topic>
 <topic>Military aircraft</topic>
 <topic>Military cost control</topic>
 <topic>Present value</topic>
 <topic>KC-135 Aircraft</topic>
 <topic>KC-767A Aircraft</topic>
 <topic>KC-130 Aircraft</topic>
 <topic>DC-10 Aircraft</topic>
 <topic>MC-130 Aircraft</topic>
 <topic>HC-130 Aircraft</topic>
 <topic>Hercules Aircraft</topic>
 <topic>F-18 Aircraft</topic>
 <topic>Hornet Aircraft</topic>
 <topic>S-3 Aircraft</topic>
 <topic>KC-10 Aircraft</topic>
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  <title>United States Statutes at Large</title>
  <partNumber>Volume 115 Page 2230</partNumber>
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 <identifier type="Statute citation">115 Stat. 2230</identifier>
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  <title>United States Statutes at Large</title>
  <partNumber>Volume 116 Page 2458</partNumber>
</titleInfo>
 <identifier type="Statute citation">116 Stat. 2458</identifier>
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 <titleInfo>
  <title>United States Public Law 117 (107th Congress)</title>
</titleInfo>
 <identifier type="public law citation">Public Law 107-117</identifier>
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  <title>United States Public Law 314 (107th Congress)</title>
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