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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
Appleton Marine, Inc.
ASIS Issues Newbuilding Forecast To '97
BUYING INTO THE FUTURE U.S. Industry Is Changing To Compete
Changes at Malta Drydocks
Chesapeake Shipbuilding Launches New Vessel
Consolidation of Power
CVN-76: BEYOND VIRGINIA
German, U.S. Ties Strengthened Via SMM Partnership
Intergraph Expands Capabilities For Ship Design And Production CAD/CAM Systems
Kockums To Launch New Generation Of Shipbuilding Systems
Kvaerner, Daewoo Calling It Quits In Shipbuilding Businesses
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MarAd News Title XI
Marinex, Ingalls & Metro Machine Tanker Project Wins MARITECH Funds
McDermott Enters Russian Shipbuilding Venture
McDermott: Blazing A Unique Trail Towards International Business
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NKK Corp. Launches Icebreaking Patrol Ship
NNS To Develop Construction, Repair Facility In UAE
Norwegicm Innovation Sburs Commercial Success
Opportunities For Cooperation Between U.S. And Japanese Marine Equipment Manufacturers
ORDERS CONTINE TO FLOW
PHOENIX WORLD CITY Landmark Passenger Ship Intends To Boost U.S. Maritime Industry Into International Commercial Competition
Ship Orders Unhalted By Industrial Unrest
Shipbuilding In the BENELUX Countries
Study: U.S. Yards Must Focus On Technological, logistical Improvements To Be Competitive Internationally
TBI: The Debate Rages
The Future Of American Shipbuilding
USS Inchon Redesignated For N ew Mine W a r f a r e Mission
 
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