A Seven Aircraft Fudge Factor: The C-17 is in such heavy demand and working so well, in fact, that the fleet is being worn out at a dramatic rate. Air Force Secretary Michael Wynne, speaking at a Capitol Hill seminar Wednesday, said the C-17s are being used up at a rate “60 percent faster” than was envisioned, hence the addition of seven new C-17s in the Air Force 2007 unfunded priorities list. Wynne added that the business term for this situation is “accelerated depreciation.”
The emphasis on speed in the Pentagon’s newly unveiled slate of acquisition reforms may come with increased near-term cost increases, analysts say. But according to U.S. defense officials, the new weapons-buying construct provides the military with enough flexibility to prevent runaway budget overruns in major programs.
