[Blood of Tyrants]

The value of those Humvees is nowhere near $1 billion. That’s $460,000 each.

[RC one]

I suppose when you figure in the cost of the up armor, the turrets, the weapon systems, the radios, and other equipment, that’s probably not too far off. It’s beside the point though really. This is the biggest military debacle in American history.

[Kirkwood]

Nope that number is actually below replacement cost. The cost to Iraq in Dec 2014 was $579,000 per vehicle.

http://www.army-guide.com/eng/product2759.html

[RC one]

I found this from CNBC:

Although al-Abadi and other Iraqi and U.S. officials haven't attached a dollar sign to the lost weaponry and vehicles, a back-of-the-envelope calculation of those losses might look something like this:

•2,300 Humvee armored vehicles @ $70,000 per copy. Total: $16 million

•40 M1A1 Abram tanks @ $4.3 million per copy. Total: $172 million

•52 M198 Howitzer mobile gun systems @ $527,337 per copy. Total: $2.7 million

•74,000 Army machine guns @ $4,000 per copy. Total: $29 million

The grand total comes to $219.7 million, but experts say those losses represent a fraction of the many hundreds of millions of dollars' worth of U.S.-supplied military equipment that has fallen into ISIS's hands and is being used against the U.S. and allied forces on the ground in Iraq and neighboring Syria.

I find it kind of hard to believe that the government only pays 70 grand per up-armored Humvee personally.

[Boogieman]

Hmm, but the value of something, and what the government pays for it aren’t necessarily the same thing.

[TexasCajun]

2,300 vehicles seems out of wack too.

What, were they parked in Ray Nagin's bus barn?