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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

Appleton Marine, Inc.
ASIS Issues Newbuilding Forecast To '97
BENELUX: Carving IPs Niche
BUYING INTO THE FUTURE U.S. Industry Is Changing To Compete
Con-Select To Supply NNS Double Eagle Equipment
Consolidation of Power
CVN-76: BEYOND VIRGINIA
Eletson Tanker Takes Shape At NNS
Europeans Hang On With Technology
German Marine Equipment Manufacturers As Driving Forte In Technology And Cost Efficiency
Kvaerner, Daewoo Calling It Quits In Shipbuilding Businesses
Lake Shore A Military and Commercial Institution Evolves
Mapping The Future Of Design
Marinex, Ingalls & Metro Machine Tanker Project Wins MARITECH Funds
McDermott Enters Russian Shipbuilding Venture
McDermott: Blazing A Unique Trail Towards International Business
Navy's Newest Amphibious Assault Ship Commissioned At Ingalls
New facility broadens Dutch yard's scope
Opportunities For Cooperation Between U.S. And Japanese Marine Equipment Manufacturers
Peterson Builders Elects New Chief Executives
Pick Up Speed?
Pragmatic Research
Royal Schelde Expands Commercial Work
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
Shipbuilders Announce Incorporation Of American Shipbuilding Association American Shipbuilding Association
Shipbuilding In the BENELUX Countries
Siemens Podded Electric Drive Provides Operational Advantages
South Korean Curbs On Shipbuilding To End Amid Controversy
U.S. Named Official Partner Country At SMM '96
 
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