On the recordSeptember 14, 2010
Simply put, the legislation would ensure that the Navy can enter into a multiyear procurement contract for F/A-18E/F/G aircraft, which would save the Navy and taxpayers almost $600 million. The Navy plans to buy 124 of these aircraft between now and 2013. This bill would make no changes to the quantity to be procured. Rather, the Navy has a choice between buying these aircraft in four 1-year increments or spend nearly $600 million less by using one 4-year contract. Basically you are just getting a volume discount.
