upgrade to the F-18

The F-18 Phase Two Upgrade Program for Boeing will cost $2.6 Billion and the Aurora reconnaissance plane upgrades will cost $1 Billion respectively per year for five years for the Part One budget. This will include high-frequency radios, new navigation and communications equipment ("Auditing the CF-18 IMP -- CF-18 Incremental Modernization Project," 2004). As the program upgrades will ultimately carry on until 2021 when the new F-35's come totally online, the Part Two budget will cover the second five-year span. The February inflation rate was set at 2.6% ("Canadian Inflation Rate Edges Lower In February" 2011). Certainly, this is at the low end of the spectrum, Conservatively speaking, the group feels that the program should include a 4% per anum calculation for the rate of inflation which would translate into 104,000,000 CAD for the F-18 upgrades and 40,000,000 CAD per year to allow for in the...
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