The Abraham Lincoln Carrier Strike Group ships cruise in formation during an underway replenishment with the Military Sealift Command fast combat support ship USNS Rainier, September 19, 2010. Photo: U.S. Navy
By Tony Capaccio (Bloomberg) —
The U.S. Navy’s new 30-year shipbuilding plan puts off a decision about whether to stick with the Trump administration’s target for a 355-vessel fleet until at least fiscal year 2024.
After months of study and delay, a 28-page report to Congress released Wednesday includes a chart listing the 355-vessel assessment and two other studies that show ranges to as many as 404 vessels based on various projections of budget growth. The Navy currently has 298 deployable ships and submarines.
“The Plan notes a new fleet assessment that will inform the fiscal 2024 budget” so today’s document is “a reference point for now, but not a chart to navigate the long-term outlook for General Dynamics, Huntington Ingalls and other shipbuilders and suppliers,” Byron Callan, managing director for Capital Alpha Partners LLC , said in an email.
Although the report summarizes already announced fiscal 2023 funding levels, it offers fresh clues on previously undisclosed spending for specific programs through fiscal 2027. That includes: $39 billion for the Virginia-class submarine program; $36 billion for the Columbia-class ICBM submarine; $22 billion for the DDG-51 Aegis Destroyer and $7.1 billion for the new FFG-62 Frigate.
© 2022 Bloomberg L.P.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,142 members that receive our newsletter.
Have a news tip? Let us know.
The U.S. military is supporting Philippine operations in the South China Sea via a special task force, a U.S. embassy official said on Thursday, an initiative Manila said involves intelligence, surveillance and reconnaissance.
The Danish military said on Wednesday that it was staying close to a Chinese ship currently sitting idle in Danish waters, days after two fiber-optic data telecommunication cables in the Baltic Sea were severed.
UK Defence Secretary John Healey has announced the decommissioning of several naval vessels as part of a broader defence reform strategy. The decision, revealed in a statement to the House...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,142 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
