Navy's Shipbuilding Costs Criticized

Monday, April 03, 2006
Some members of Congress are questioning the U.S. Navy's plan to expand its fleet to 313 ships, citing budget concerns and cost overruns, UPI reported. While the Navy has projected spending $13.5 billion a year to build 30 new ships -- including the DDX destroyer -- the Congressional Budget Office says the annual tab will be closer to $18 billion. The federal budget already is strained because of money spent in Afghanistan and Iraq and a onetime $2.7 billion charge for shipbuilding damage caused by Hurricane Katrina. Those issues, combined with consistent Navy cost overruns, have angered some members of Congress. (Source: UPI)
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Video: Submarine John Warner Launched for Testing

Huntington Ingalls Industries (HII) launched the Virginia-class submarine John Warner (SSN 785) into the James River on September 10 at the company's Newport News Shipbuilding division,

Today in U.S. Naval History: September 17

Today in U.S. Naval History - September 17 1861 - Union landing party from USS Massachusetts takes possession of Ship Island, Mississippi. This was the headquarters for Adm.

Bulgarian Naval Academy Installs VSTEP Simulators

The Nikola Vaptsarov Naval Academy in Varna purchased a 360° Class A Full Mission Bridge simulator and an Incident Management Simulator for training of its Naval and Merchant marine students.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1486 sec (7 req/sec)