Navy’s Shipbuilding Budget Increased

Friday, November 16, 2007
The Navy will enjoy its biggest shipbuilding budget surge since the end of the Cold War — including money to speed production of submarines — under a $459.3b defense spending bill that President Bush recently signed into law. The Pentagon spending bill for the fiscal year that began Oct. 1 totals slightly less than Mr. Bush sought but it raises military pay and health benefits plus spending for the National Guard and reserves beyond what he requested. The bill also represents a hike of 9.5 percent – almost $40b — over the level of fiscal year 2007, continuing a strong upward trend in the defense budget since Mr. Bush took office. The bill omits most of the emergency spending Mr. Bush seeks for the wars in Afghanistan and Iraq, leaving that emotional issue for Congress to resolve separately. Yesterday, the House took up a $50b bill that would finance the wars until February and require troop withdrawals to begin within a month. The regular Defense Department spending bill — covering personnel, equipment, research, weapons buying and more — was a rare occasion for accord between the White House and the Democratic-majority Congress. The new spending bill grants Mr. Bush’s request to build a single sub this year but adds $588m to buy components for a nuclear-propulsion plant and other items that will enable the two builders to construct two subs per year beginning in 2010. That’s two years before the Navy had planned accelerating production to that level — which supporters of the undersea fleet see as essential to reversing the contraction of the fleet that began in the early 1990s. Counting the advance procurement funds for the submarine, the 2008 spending bill contains money for a total of 10 ships — 5 more than the administration had sought in the budget request to Congress early this year. Besides the $588mn addition for subs, the bill adds these items to shipbuilding accounts: •$300m for three T-AKE cargo ships; •$50m for another LPD-17 transport ship; •$339m for the littoral combat ship, a program that the Navy has counted on for near-shore operations in the low-gauge conflicts the service sees as likely to predominate in the future. But the fledgling program has been troubled by cost overruns, and the Congress and Mr. Bush settled on a sum significantly smaller than both had envisioned. The bill also raises military pay by 3.5 percent across the board and significantly sweetens health care and other benefits — beyond the levels sought by the Pentagon. In addition, the bill bolsters spending for military hospitals It also provides more than $15b for the purchase of mine-resistant vehicles for the troops in Iraq and Afghanistan. [Source: The Providence Journal]
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to

NewLead Holdings Announces Commercial Competency of MT Sofia

NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet.

Scorpio Tankers to Acquire Product Tanker

Scorpio Tankers Inc. announced today that it has entered into an agreement to purchase an MR product tanker. The Company reached an agreement with an unrelated

Navy

BAE Systems Awards Software Contract to SENER

The Spanish company SENER, Ingeniería y Sistemas S.A has closed a contract with U.K.-based BAE Systems PLC for the integration between FORAN CAD/CAM System and

Voyager IP Wins Irish Navy Satellite Contract

Voyager IP, the Irish marine telecoms solutions specialist, has partnered with the Irish National Space Center to win a €500,000 contract to manage the entire satellite

Rolls-Royce Power Package for USS Zumwalt

Rolls-Royce announced delivery of the twin fixed pitch propellers to Bath Iron Works for installation on the U.S. Navy’s most modern surface combatant, the future USS Zumwalt,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Simulators 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: 0.1229 sec (8 req/sec)