The cost for the Marines to fix and fly their full fleet of V-22 tiltrotors has grown by nearly two-thirds over just four years, according to a Pentagon estimate. In 2008, the Defense Department calculated the “lifetime” cost of operating 360 V-22 Osprey transports at $75 billion over roughly 30 years. Today the figure is more than $121 billion — a 61-percent increase.
The rapidly escalating bill could could not come at a worse time for the Marines and Osprey-makers Bell and Boeing. The Marines are struggling to pay for an ambitious, carefully coordinated aviation modernization plan, elements of which have begun to unravel all at the same time. And that’s not even taking into account the looming prospect of deep defense cuts.
Wow. I just don’t think ANYONE saw this coming….