Investigating the Desirability of Navy Aircraft Service Life Extension Programs

Edward G. Keating, Irv Blickstein, Michael Boito, Jess Chandler and Deborah Peetz

Defence and Peace Economics, 2014, vol. 25, issue 3, 271-280

Abstract: Building on prior work on optimal replacement of aging aircraft, this paper presents three methodologies to evaluate prospective aviation Service Life Extension Programs (SLEPs) and applies these methodologies to US Navy F/A-18E/F data. While considerable uncertainty remains as to the values of key parameters (e.g. the cost of F/A-18E/F SLEPs), the preponderance of the evidence available at this juncture favors undertaking SLEPs on F/A-18E/Fs rather than replacing them with new Joint Strike Fighters.

Date: 2014
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DOI: 10.1080/10242694.2013.821234

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