Deepwater Funding at $724m in FY05 Budget

Wednesday, December 15, 2004
“Amid extraordinary challenges, our determination, our courage, and our common purpose remain steadfast.” The new appropriations bill provides $6.3 billion for the Coast Guard for FY 2005, an 8.6 percent ($500 million) increase over 2004, and a 66 percent ($2.5 billion) increase over 2001 levels.

As part of funding for Coast Guard programs, the appropriations bill includes $724 million for the Deepwater multi year acquisition to modernize and recapitalize the Coast Guard’s inventory of cutters, aircraft, and supporting systems. The $724 million congressional appropriation for the Deepwater Program comes to $46 million more than the president’s request of $678 million.

President Bush signed the Department of Homeland Security Appropriations Act for Fiscal Year 2005 into law on Oct. 18 during a morning ceremony in the Oval Office. The president said the bill, which provides a 6.6 percent increase in net discretionary spending for homeland security over last year’s level, represents a “… strong law that will make the nation more secure.” “Our first duty in the war on terror is to protect the homeland,” Bush said during a speech in Marlton, N.J., later in the day.

The appropriations bill provides $28.9 billion in net discretionary spending for the Department of Homeland Security, a $1.8 billion increase over 2004 and a $14.9 billion increase (106 percent over 2001 levels.) Secretary of Homeland Security Tom Ridge echoed the president’s emphasis on protecting the homeland during a speech to Ohio lawenforcement agencies on Oct. 15. “The attacks on our country three years ago changed everything for all of us, and yet, in some ways, changed nothing at all,” Ridge said. It is also $56 million above the FY 2004 appropriation of $668 million. “We recognize and greatly appreciate the strong support demonstrated by the Department of Homeland Security, the administration, and the Congress in advancing Deepwater’s urgently needed recapitalization of the Coast Guard,” said Rear Adm. Patrick M. Stillman, program executive officer for the Integrated Deepwater System Program. The FY 2005 appropriation will fund critical Deepwater Program initiatives to develop network- centric C4ISR, continue development of integrated logistics support, recapitalize the Coast Guard’s aging inventory of obsolete cutters and aircraft, and modernize aging legacy assets until new platforms enter service in future years. by Gordon I. Peterson, Deepwater News, December 2004

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Danos Fabrication Facility Creates 150 Jobs

Danos, a family owned oil and gas service company, announced plans to expand its fabrication capabilities, by opening a 120,000 square-foot fabrication facility in Amelia, La.

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

Transocean Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts and changes in estimated planned out-of-service

Coast Guard

Injured Crewman Medevaced from S.Korean Icebreaker

A U.S. Coast Guard Air Station Kodiak MH-60 Jayhawk helicopter medevaced a crewmember suffering from a head injury from the South Korean research icebreaker Araon 250 miles north of Barrow, Wednesday.

Ecuador Coastguard Orders Damen Patrol Boats

Damen announced it has recently signed a contract with AstillerosNavalesEcuatorianos (Astinave) to construct two Damen Stan Patrols (Spa) 5009 for the Ecuadorian Coastguard.

MN 100: Brunswick Commercial and Government Products

420 Megan Z. Ave Edgewater, FL 32132 Telephone: 386 423 2934 E-mail: kelsey.nemeth@whaler.com Website: www.brunswickcgp.com CEO/President: Huw Bower Number

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1331 sec (8 req/sec)