Procurement: An Assessment of the Air Force's F-16 Aircraft Multiyear Contract

Pursuant to a congressional request, GAO reviewed the Air Force's multiyear contract for F-16 aircraft for fiscal years 1982 to 1985 to assess: (1) potential savings from using a multiyear contract instead of a series of annual contracts; (2) the effect of foreign military sales on multiyear contract prices; (3) the effect of adding aircraft to the fiscal year 1984 budget; and (4) other benefits of using multiyear contracting.