United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2003-10-14 monographic deposited born digital 11 p. GA 1.13:GAO-04-164R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-164R P0b002ee18037ba8a f:d04164r DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-04-164R machine generated eng fdlp REPORT GAOREPORTS-GAO-04-164R GAO-04-164R Air Force procurement Contract costs Cost effectiveness analysis Equipment leases Military aircraft Military cost control KC-767A Aircraft Correspondence A08730 On September 4, 2003, GAO provided the Senate Committee on Armed Services our observations on the Air Force's proposed lease of 100 Boeing 767 aircraft modified for aerial refueling, to be known as the KC-767A. At the hearing, the Committee heard testimony from the Institute for Defense Analyses (IDA) concerning the results of a study it did on the estimated acquisition cost of each aircraft. IDA concluded that $120.7 million was a reasonable price for a KC-767A aerial refueling aircraft. At the time of the hearing, we had just obtained access to the IDA study and were not in position to comment on it. On September 5, 2003, the Committee's Chairman and Ranking Minority Member asked us to analyze the IDA study and provide our assessment. This letter responds to that request. Our objectives were to assess the reasonableness of IDA's approach to the issue of pricing the KC-767A aircraft and to provide any comments that we had on its methodology used to estimate the base prices and costs for each aircraft. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-164R/html/GAOREPORTS-GAO-04-164R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-164R/pdf/GAOREPORTS-GAO-04-164R.pdf GAO-04-164R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-164R Correspondence GAO-04-164R; Military Aircraft: Institute for Defense Analyses Purchase Price Estimate for the Air Force's Aerial Refueling Aircraft Leasing Proposal; Air Force procurement Contract costs Cost effectiveness analysis Equipment leases Military aircraft Military cost control KC-767A Aircraft Volume 115 Page 2230 115 Stat. 2230 Public Law 107-117