Air Force

October 25, 2013

Shopping the Exchange pays $224 million in dividends

aafes-savings
The Army & Air Force Exchange Service Board of Directors announced that the Exchange paid a dividend of $224 million in 2012. These funds are critical to Army, Air Force, National Guard, Marine Corps and Navy morale, welfare and recreation efforts.

“Historically, roughly two-thirds of Exchange earnings are paid to the services’ morale, welfare and recreation programs with the other third used to build new stores or renovate existing facilities,” said the Exchange’s Senior Enlisted Adviser Chief Master Sgt. Tony Pearson. “This structure means that authorized customers are, essentially, ‘investors.’ Fortunately, thrifty shoppers rediscovering the value the Exchange offers allowed for a healthy return on their investment.”

With a mission to provide quality goods and services at competitively low prices and generate earnings to support quality of life efforts, the dual benefit the Exchange provides military families goes far beyond the clothes, electronics and snacks on shelves.

Customers who shop the Exchange’s brick and mortar stores or online at www.shopmyexchange.com help make the military community a better place to live and work. In fact, purchases made in the past 10 years have provided more than $2.4 billion to military programs such as Youth Services, post functions, gyms and aquatic centers.

Exchange support to the military in fiscal year 2012 was not limited to Soldiers and Airmen. Because the Exchange operates at Marine and Navy locations, funds were also returned to Marines and Sailors. The fiscal 2012 dividend of $224 million was distributed as follows:

Army: $127.8 million
Air Force: $74.7 million
Marines: $18.8 million
Navy: $2.7 million

TOTAL: $224 million




All of this week's top headlines to your email every Friday.


 
 

 

Enlisted members interested in attache duty must apply by June

Active duty staff through senior master sergeants interested in attache’ duty opportunities with international affairs teams around the world must submit their applications by June 15, 2015 to be considered. The Office of the Deputy Under Secretary of the Air Force, International Affairs is accepting applications for enlisted Defense Attache’ Specialists at 23 locations, with...
 
 

HYT extension possible for SrA-MSgt in 35 career fields

Eligible senior airmen, staff sergeants, technical sergeants and master sergeants in 35 Air Force specialties will be able to apply for a high year of tenure extension and, if approved, will be able to extend between 12 and 24 months past their current HYT. The Air Force is introducing several personnel and manpower initiatives to...
 
 
Air Force photograph by Rebecca Amber

USNORTHCOM brings exercise ARDENT SENTRY to Edwards

Air Force photograph by Rebecca Amber An Army Sentinel Mobile Command Center provides power and satellite communications during an exercise or real-world natural disaster. Edwards AFB was treated as a simulated basic-staging ar...
 

 

AFMC’s Wingman Intervention program going strong

More than a year after it was introduced, Air Force Materiel Command’s Wingman Intervention program is still going strong. “During the spring 2013 Wingman Day, AFMC made a concerted effort to provide its Airmen with the skills and confidence they need to safely intervene when they see fellow Airmen entering into potentially harmful situations, both...
 
 
Courtesy photograph

Flight tests conclude for shape changing aircraft flap

Courtesy photograph The modified Gulfstream III flight research aircraft with an adaptive compliant wing trailing edge is shown with 25 degrees of trailing edge deflection. A team of researchers from Air Force Research Laborato...
 
 

AFOQT scores updated as AF implements new test, form*

Airmen who took Form S of the Air Force Officer Qualifying Test may see their test scores updated May 22 when the Air Force converts scores to the new Form T metric, officials said May 12. According to Dr. Lisa Hughes, Chief of Air Force Personnel Assessment, all Form S scores in the official database...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>