Strategy Page looks at the F-16, the “cheap and cheerful” alternative for many countries who are watching and waiting as the F-35 program staggers on.
Many air forces are finding that it’s more cost-effective to upgrade via new electronics and missiles and, as needed, refurbishing engines and airframes on elderly existing fighters, rather than buying new aircraft. This is especially the case if the new electronics enable the use of smart bombs. One of the more frequently upgraded older fighters is the American F-16. Even the U.S. Air Force, the first and still largest user of F-16s is doing this with some of its F-16s.
The U.S. Air Force is currently refurbishing several hundred of its 22 ton F-16 fighters, because their replacement, the 31 ton F-35 is not arriving in time. This is the same reason for many nations to upgrade their F-16s. Some of these nations are holding off on ordering F-35s (or cancelling existing orders), either because of the high price or doubts about how good it will be. Aircraft manufacturing and maintenance companies see a huge market for such upgrades. Half or more of the 3,000 F-16s currently in service could be refurbished and upgraded to one degree or another. That’s over $25 billion in business over the next decade or so.
The F-35 began development in the 1990s and was supposed to enter service in 2011. That has since slipped to 2017, or the end of the decade, depending on who you believe. Whichever date proves accurate, many F-16 users have a problem. Their F-16s are old, and by 2016 many will be too old to operate. Some other nations have even older F-16s in service.
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Although the F-35 is designed to replace the F-16, many current users will probably keep their F-16s in service for a decade or more. The F-16 gets the job done, reliably and inexpensively. Why pay more for new F-35s if your potential enemies can be deterred with F-16s. This becomes even more likely as the F-35 is delayed again and again. Finally, the upgrade is a lot cheaper, costing less than $20 million, compared to over $100 million for a new F-35. If your potential enemies aren’t upgrading to something like that, a refurbed F-16 will do.
