Navy Budgets for Future Force

Friday, February 17, 2006
President Bush submitted his 2007 fiscal year (FY) budget request to Congress recently, which included the Navy's $127 billion budget proposal. The president's budget request was also accompanied by the recently released Department of Defense's Quadrennial Defense Review (QDR). The Navy's proposed budget boasts a $4.4 billion increase from last year's baseline appropriations. If approved, the FY07 - FY11 budget provides the necessary funding levels to sustain current readiness, build the fleet for the future and develop the 21st Century Sailor over the next four years, which means a possible increase in pay and benefits, as well as several quality of life improvements. According to Navy leaders, the requested budget proposes a 5.9 percent increase in basic allowance for housing, a 2.2 percent pay increase and improved facilities for schools and child care. Other proposed FY07 - FY11 budget highlights include the construction of seven ships and funding for 165 aircraft, for a total of 51 new ships and 1,150 new aircraft. The FY07 construction and production plan includes two Littoral Combat Ships, two DD(X) destroyers, one Virginia-class submarine, one LHA (R), one T-AKE, 12 EA-18G Growlers, 14 MV-22 Ospreys, 30 F/A-18 Hornets, 21 Joint Primary Air Training Systems and four KC-130Js. (Source:

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


North Korea Submarine-Launch Missile a Flop Show

North Korea apparently failed to launch a ballistic missile from a submarine in a sign that Pyongyang has yet to master the technology, Yonhap news agency quoted a government official as saying.

Maersk to Idle Vessel

The world's biggest container-ship operator Maersk Line  has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits,

Russian Navy Trying Hard for Facelift

Official announcements related to naval shipbuilding give the appearance of a Russian Navy that is undergoing a rapid revival. However, the reality is that many

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Ship Electronics 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: 0.1003 sec (10 req/sec)