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$5 Billion CVN-76 Gains Support

At press time it appeared that CVN-76, the nuclear-powered aircraft carrier which would be built at Newport News Shipbuilding, was gaining support in Washington. On May 5 the House Armed Services Committee approved full funding for the carrier in the fiscal 1995 defense authorization bill (HR4301) that the House began debating in mid-May. (The Clinton Administration has requested $3.6 billion in the FY '95 budget for the project.) President Clinton's initial support for CVN-76 came via the bottom- up review — a statement of the country's post-Cold War military needs, which expressed a need for a 12-carrier fleet — released last September by then Defense Secretary Les Aspin.

Of course the building of CVN-76 would have an economic ripple effect far beyond the Virginia-based Newport News Shipbuilding, and would come as a big boost for many suppliers affected by the Navy's current downsizing plans.




Shipbuilding / Vessel Construction History

1995 Sname Annual Meetinng & International Maritime Exposition
ASIS Issues Newbuilding Forecast To '97
BIW Sale Invites Industry Speculation
BUYING INTO THE FUTURE
BUYING INTO THE FUTURE U.S. Industry Is Changing To Compete
Chesapeake Shipbuilding Launches New Vessel
CVN-76: BEYOND VIRGINIA
DEFENSE CONVERSION ACT
Detroit Diesel Computer System To Control Engines On Gladding-Hearn Built Research Vessel
Eletson Tanker Takes Shape At NNS
Evergreen To Build 10 New Confainerships In Japan
Expansion Via Acquisition
German, U.S. Ties Strengthened Via SMM Partnership
Gladding-Hearn Builds Whale-Watching Cat
Increasing Orders Put South Korea Ahead Of The Competition
Intergraph Expands Capabilities For Ship Design And Production CAD/CAM Systems
Kockums To Launch New Generation Of Shipbuilding Systems
Mapping The Future Of Design
McDermott Enters Russian Shipbuilding Venture
McDermott, Shipbuilding Ventures Inc. Sign Agreement To Build Product Carriers In U.S.
Navy's Newest Amphibious Assault Ship Commissioned At Ingalls
Newport News One Of Two Finalists For Sabine Double- Hull Refit Contracts
PHOENIX WORLD CITY Landmark Passenger Ship Intends To Boost U.S. Maritime Industry Into International Commercial Competition
Pragmatic Research
Set four Clock For 2002: New ASIS report finds that next big push of tanker building to tab place between 2002-2004
Ship Orders Unhalted By Industrial Unrest
Shipbuilding In the BENELUX Countries
South Korean Curbs On Shipbuilding To End Amid Controversy
Strategic Value Added: Navy-Industry Cooperation for the Future
World Orderbook Up Slightly
 
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