Defence written question – answered at on 4 July 2013.
To ask the Secretary of State for Defence if he will estimate the value of the (a) Typhoon, (b) Hawk, (c) Tornado, (d) Hercules, (e) Globemaster, (f) Tucano, (g) Sentry, (h) Shadow and (i) King Air aircraft fleets.
The current value of each aircraft fleet is shown in the following table. The values quoted reflect the net book value (NBV) of the fleet, which is calculated by adding the cost of any major upgrades to the original capital cost of each asset and deducting depreciation to reflect the decrease in value of an asset over time. The values quoted bear no relation to the replacement costs of the assets and capabilities, nor can they be used to calculate an accurate cost per aircraft.
Aircraft | Total NBV(£ million) |
Typhoon | 6,347 |
Hawk Tl | 29 |
Hawk T2 | 343 |
Tornado | 804 |
Hercules | 647 |
Globemaster | 691 |
Tucano | 10 |
Sentry | 387 |
Shadow(1) | 72 |
King Air 350(2) | 17 |
(1) The figure for Shadow comprises the NBV plus assets in the course of construction yet to be formally transferred onto the Fixed Asset Register and the sixth aircraft, which is due for delivery at the end of July 2013. (2 )The King Air 200 aircraft is not owned by the Ministry of Defence (MOD). It is operated under a lease arrangement and is not therefore recorded as an asset on the MOD balance sheet. No NBV is available. |
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