Recently, leasing has been prominent in the press due to the AirForce’s recent ill-fated attempt to obtain the use of Boeing re-fuelingtankers. Forgotten is that, in the early 1980’s, a highly controversial Navylong-term leasing program of Maritime Prepositioned Ships had a differentresult. However, an unintended consequence of the Navy’s success wasthat future government leases were practically eliminated. This researchexamines the issues and parties involved in this unprecedented creative andinnovative leasing program for ships used by the Navy’s Military SealiftCommand. While the analysis concludes that the Navy’s leasing programwas successful and cost effective, laws and policies were changed so thatlong-term leasing is no longer viable for the strategic financing of militaryrequirements. The case is presented here that existing laws and regulationsshould be reconsidered so that leased military resources can once again beused to provide and maintain national security.
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