Bulk buy would trim $250M from 3-year F-22 costs

Posted on: Jun. 14th, 2006 || Source: aimpoints.hq.af.mil | E-mail Article | Print Article

WASHINGTON (Dow Jones)--The U.S. Air Force expects to save about $250 million if Congress allows it to buy Lockheed Martin Corp.'s (LMT) F-22 stealth fighter in a three-year, 60-plane contract, the service's top general told Dow Jones Newswires.

Air Force Chief of Staff Gen. Michael Moseley said the Air Force needs a multiyear procurement contract to keep costs down. The service is working hard to reassure lawmakers that a bulk purchase makes sense, he said in an interview.

The F-22 Raptor is the Air Force's most expensive fighter - new jets cost about $130 million each. That number doesn't include the plane's hefty development costs, which work out to an additional $200 million or so per plane.

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