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

Navy

ThyssenKrupp: Submarine Unit Not For Sale

German industrial group ThyssenKrupp is not in talks to sell its submarine unit nor is it in talks to sell its stainless steel unit VDM, its chief executive said on Friday.

SECNAV Completes Visit to Paraguay

Secretary of the Navy (SECNAV) Ray Mabus completed a visit to Paraguay Jan. 29 during which he met with Republic of Paraguay President Horacio Cartes to discuss

US Wants Japan to Patrol South China Sea

Admiral Robert Thomas, senior U.S. Navy officer and commander of the Seventh Fleet and the top U.S. navy officer in Asia, has told Reuters that the United States

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators 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: 0.1056 sec (9 req/sec)