The purpose of this study and report is to provide, to the MND, an independent cost analysis of modernizing software of F-16 fighter fleets to support the use of several weapon system options, including JDAM, AIM-9X and HARM Targeting System etc. The study analyzed each options with software sizing, software cost, enabling hardware cost, flight test cost, system engineering cost, and 3 strategies. And the study proposed and analyzed some alternative strategies: strategy1 is to modernize software only within existing electronic processing capability; strategy2 is a full upgrade of weapons avionics with plug compatible electronics; strategy3 is an approach defined to mirror the USAF Common Configuration Implementation Approach (CCIP). The recommended alternative is strategy2.