Navy Leaders Budget for Future Force

Friday, February 10, 2006
President Bush submitted his 2007 fiscal year (FY) budget request to Congress Feb. 6, 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 FY 07 - 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. What that means for Sailors and Marines are possible increases 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. “We have a significant increase in the benefits for our Sailors as we’re looking towards the future to take care of our 21st Century Sailor,” said Rear Adm. Stanley D. Bozin, director, Office of Budget for the Assistant Secretary of the Navy. “We want to make sure they are compensated for what they are doing as an all volunteer force, and I think this budget reflects that. It’s a significant accomplishment to be able to do that and reward our Sailors and Marines,” Bozin said. Other proposed FY 07 – FY 11 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 FY 07 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.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

"River Cities" Host First Navy Week of 2015

Bossier City-Shreveport Navy Week begins April 27 and will continue through May 3. Navy Weeks focus a variety of assets, equipment and personnel on a single

Northrop Grumman Navigation Systems for Canadian Navy

Northrop Grumman Corporation's Sperry Marine business unit has been selected to design and supply gyrocompass navigation systems for 12  Kingston Class coastal

Maritime Tension Dominates Southeast Asia Summit

Southeast Asian leaders edged closer to open criticism of China's land reclamation in the disputed South China Sea at a regional summit on Monday, as the Philippines

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Sonar
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: 0.0987 sec (10 req/sec)