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Pentagon Looks To Spend $268 Billion On New Aircraft Over Next Decade

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By Marina Malenic Seeking a 3 percent average annual real growth rate in its funding for high-end aircraft between FY 2011-2020, the Defense Department is planning to spend $268 billion on new fighter, surveillance, tanker and other fixed-wing aircraft, according to documents obtained by Defense Daily. Along with the president's proposed Fiscal Year 2011 budget, the Pentagon yesterday submitted to Congress its long-term plan for procurement of fixed-wing aircraft. "Annual procurement levels will grow steadily through the mid-teens, fueled in…

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