The dividends the Air Force receives from the exchange service to help fund its morale, welfare, and recreations efforts are trending down, Arthur Myers, USAF’s director of services, told a House Armed Services panel last week. Myers noted that five years ago dividends “averaged nearly $90 million per year.” In 2006, however, he said the Air Force “received only $73 million and the current exchange financial plan projects less than $57 million.” Myers explained that this reduction already has had “a negative impact on our programs in the field.” He predicts that “even a partial recovery will be a long time coming.”
The Air Force is launching an effort to develop a new stand-off missile with a range of 1,000 nautical miles, or 1,150 miles, that would eventually be used for both air-to-air and air-to-surface missions.