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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.
BUYING INTO THE FUTURE U.S. Industry Is Changing To Compete
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Con-Select To Supply NNS Double Eagle Equipment
Detroit Diesel Computer System To Control Engines On Gladding-Hearn Built Research Vessel
Eletson Tanker Takes Shape At NNS
Europeans Hang On With Technology
Expansion Via Acquisition
INDIA: Big Plans To Acquire Ships, Aid Shipbuilder
Japanese Industry News
Lucent Technologies Gets Contract With Chinese Shipbuilder
Marinex, Ingalls & Metro Machine Tanker Project Wins MARITECH Funds
McDermott Enters Russian Shipbuilding Venture
NNS lays Keel For First Of Nine Double Eagle Product Tankers
Paquets Order First Taurus 60M Marine Turbines For U.S. Waters
Peterson Builders Elects New Chief Executives
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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
Study: U.S. Yards Must Focus On Technological, logistical Improvements To Be Competitive Internationally
The Future Of American Shipbuilding
U.S. Named Official Partner Country At SMM '96
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