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 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

Navy

Canadian Navy Frigate Refit Program Completed

Seaspan joined Harjit S. Sajjan, Canada’s Minister of National Defense, at an official ceremony today to celebrate the completion of the Halifax-Class Modernization/Frigate

This Day In Naval History: April 29

1814 - American sloop USS Peacock and HMS Epervier engage in battle. Peacock takes two 32-pound shots in her fore-yard with the first exchange, but her return broadside

How France Sank Japan's Sub Dream

Ousting of Japan ally PM Abbott opened door to rivals; Tokyo slow to respond to new competitive process. In 2014, a blossoming friendship between Australian

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.0825 sec (12 req/sec)