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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Maersk Line Names Hahnemann Chief HR Officer

On August 1, 2016, Ulf Hahnemann, current Vice President for Strategic Programs at Mars Inc. will join Maersk Line as Chief Human Resources Officer (CHRO) and be

American Waterways Operators Elects Chairman

The members of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry, elected a new slate of leaders

Hanjin Shipping May Get OK for Restructuring

South Korea’s largest container operator by capacity Hanjin Shipping's creditors are expected to approve a corporate rehabilitation program for the struggling container line,

Coast Guard

US Coast Guard to Unveil Historic Lifeboat

A ceremony unveiling a historic lifeboat as a new static display in Chatham, Mass. is scheduled for 11 a.m. Friday at U.S. Coast Guard Station Chatham.   The

Oil Spill in Schuylkill River

The U.S. Coast Guard and partner agencies are responding Tuesday to an oil sheen in the Schuylkill River.   The Coast Guard received a report of a sheen on the

113 Migrants Drown in Libya-Italy Weekend Transits

An estimated 113 people died in four shipwrecks between Libya and Italy at the weekend as the crossing becomes the preferred sea route for migrants to Europe, the

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0930 sec (11 req/sec)