View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
October 18, 2019

US Air Force Materiel Command executes funding for key projects

The US Air Force Materiel Command (AFMC) has executed funding support for several projects under a portfolio of more than $66.6bn allocated in the fiscal year 2019 (FY19).

The US Air Force Materiel Command (AFMC) has executed funding support for several projects under a portfolio of more than $66.6bn allocated in the fiscal year 2019 (FY19).

The projects are focused on delivering significant capabilities to troops.

The AFMC directly manages $35.3bn of the total $66.6bn funding. The remaining $31.3bn is managed at the service acquisition level and caters to science and technology, investment programmes and testing.

More than half of the command managed funding, $18.4bn, is for Centralized Asset Management.

The funding is used to streamline ‘programming, budgeting and sustainment of airforce platforms and munitions’.

AFMC financial management director and comptroller brigadier general James Peccia said: “This is a team effort, all AFMC fund holders and functional partners at the centre, installation and headquarters levels worked diligently to ensure sound execution and accountability of airforce dollars.

“We had a number of challenges this year, ranging from natural disasters to high-priority airforce funding requirements and more; nevertheless we had a good year.”

Projects supported by the funding include a $2.6m airfield painting project at the 412th Test Wing, Air Force Test Center. It also supported advanced weapon and airborne testing for electromagnetic warfare.

Funding also comprised investment in a Telescope Boom Lift at Tinker AFB, Ohio, and a realignment of $539m for the F-22 MC-80 initiative.

A further $840m in funding allocated for projects such as B-1 Lancer fatigue testing, T-1 Jayhawk engine overhaul work, and KC-135 Stratotanker programmed depot maintenance needs.

A sizeable portion was also provided for construction projects, including the renovation of US Air Force Academy chapel, runway rehabilitation at Hill AFB, and a new air traffic control tower at Tinker AFB.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The defence industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU