CBO: US Air Force funding too little to replace aging aircraft

The US Air Force’s average funding level in recent years is too little to replace, on a one-for-one basis, aging aircraft with new aircraft in the coming decades. That’s according to research by the Congressional Budget Office, which notes that costly-to-replace Lockheed Martin F-16C/D and Boeing F-15C/D fighters, F-15E multirole fighters, Lockheed Martin C-130 cargo aircraft, and Rockwell B-1B bombers are nearing the end of their service life.

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