Wednesday, July 22, 2009

Aircraft Acquisitions Top $500 Million

The purchase of eight CASA/EADS C-295 maritime patrol airplanes and eight Cougar helicopters total $250 million, Reuters reported. Subtracting the $80 million for the Cougars, that means the C-295s cost $170 million. The deal for 18 updated F-16 fighter jets from Holland, now confirmed, was estimated at $270 million. Total tab for the new aircraft: $520 million. That includes some training and logistical support. A separate deal for Mi-17 helicopters from Russia is estimated at $75 million.

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