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.


 
 

 
Air Force photograph by Scott M. Ash

SecAF, CSAF discuss future of the Air Force

Air Force photograph by Scott M. Ash Air Force Chief of Staff Gen. Mark A. Welsh III and Secretary of the Air Force Deborah Lee James deliver their, “State of the Air Force,” press conference Jan. 15, 2015, in Washi...
 
 
Air Force photograph by Rebecca Amber

Driving on base could make you eligible for gas tax refund

Air Force photograph by Rebecca Amber The state of California may refund taxes paid on gasoline to residents who use the gasoline while driving on a military installation. Claims must be submitted to the California State Contro...
 
 

Air Force senior leadership addresses need to stabilize RPA enterprise

During a State of the Air Force address held at the Pentagon, Jan 15, Secretary of the Air Force Deborah Lee James announced immediate preliminary steps to develop a get-well plan to improve the health of the MQ-1B Predator and MQ-9 Reaper enterprise in light of extensive combatant commander operational needs. (Intelligence, surveillance and reconnaissance)...
 

 

AFIMSC headquarters site announced

Joint Base San Antonio-Lackland, Texas,†was selected as the host base for the Air Force Installation and Mission Support Center Headquarters. Air Force officials chose the installation after analyzing operational considerations, installation attributes, economic and environmental factors at four candidate locations. “Following site surveys at the four candidate locations, we ultimately ...
 
 
Courtesy photograph

AFRL researcher teams with Nobel Laureate to enable new breed of rocket component materials

Courtesy photograph Nobel Laureate Dr. Robert Grubbs (left), and Dr. Rusty Blanski collaborated to develop a new technology that could reduce erosion in metallic rocket components, reduce production costs, and open the door for...
 
 
Air Force photograph by Scott M. Ash

SAPR summit tackles tough issues

Air Force photograph by Scott M. Ash Secretary of the Air Force Deborah Lee James provides opening comments at the Air Force Sexual Assault Prevention and Response summit Jan. 12, 2015, at Joint Base Andrews, Md. This is the fi...
 




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>