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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

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DEFENSE CONVERSION ACT
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McDermott, Shipbuilding Ventures Inc. Sign Agreement To Build Product Carriers In U.S.
NEVA '93 The International Shipping Exhibition with Russia and the Republics St. Petersburg, September 14-18
New facility broadens Dutch yard's scope
Newport News One Of Two Finalists For Sabine Double- Hull Refit Contracts
ORDERS CONTINE TO FLOW
Peterson Builders Elects New Chief Executives
PHOENIX WORLD CITY Landmark Passenger Ship Intends To Boost U.S. Maritime Industry Into International Commercial Competition
Set four Clock For 2002: New ASIS report finds that next big push of tanker building to tab place between 2002-2004
Siemens Podded Electric Drive Provides Operational Advantages
South Korean Curbs On Shipbuilding To End Amid Controversy
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Strategic Value Added: Navy-Industry Cooperation for the Future
TBI: The Debate Rages
U.S. Named Official Partner Country At SMM '96
 
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