Bush Budget Includes $250 Million for Tankers

From Reuters

President Bush’s defense budget plan for fiscal 2007 earmarks $250 million to start replacing the military’s aging fleet of aerial refueling tankers, an Air Force budget official said.

Maj. Gen. Frank Faykes said the Pentagon’s longer-term budget plan foresaw spending $8 billion on tanker “recapitalization” through fiscal 2011.

Congress in 2004 killed the Air Force’s proposed $23.5-billion agreement with Chicago-based Boeing Co. to buy and lease 100 767s as refueling tankers.