REPORT ON OPTIONS TO MODERNIZE OR REPLACE T–1A AIRCRAFT.

SEC. 142. REPORT ON OPTIONS TO MODERNIZE OR REPLACE T–1A AIRCRAFT.(a) Report.—Not later than 90 days after the date of the enactment of this Act, the Secretary of the Air Force shall submit to the congressional defense committees a report on options for the modernization or replacement of the T–1A aircraft capability.(b) Elements.—The report under subsection (a) shall include the following:(1) A description of options for—(A) new procurement;(B) conducting a service life extension program on existing aircraft;(C) replacing organic aircraft with leased aircraft or services for the longer term; and(D) replacing organic aircraft with leased aircraft or services while the Secretary executes a new procurement or service life extension program.(2) An evaluation of the ability of each alternative to meet future training requirements.(3) Estimates of life cycle costs.(4) A description of potential cost savings from merging a T–1A capability replacement program with other programs of the Air Force, such as the Companion Trainer Program.