US Navy Braces for Budget Cut Battles

MarineLink.com
Wednesday, March 12, 2014
USS Gerald Ford: Image credit NNS

Reuters –  Chief of Naval Operations Admiral Jonathan Greenert told reporters late on Monday that the Navy would have no choice but to curtail funding for a planned refueling of the nuclear-powered USS George Washington aircraft carrier if sharp cuts in military spending remained in effect for 2016 and beyond.

Such a decision, he said, would have a big impact on the shipbuilding industrial base, noting that the refueling involved several hundred thousand man-days of work, and could affect the ability of carrier building Huntington Ingalls Industries Inc to build the next aircraft carrier.

Huntington Ingalls, General Dynamics Corp, Lockheed, Boeing and other weapons makers are each lobbying to maintain or increase funding for their programs, warning that big cutbacks will be especially hard on smaller suppliers.

Greenert said the Navy had included money in the fiscal 2015 budget to get the carrier ready for de-fueling beginning in September 2016, something that will have to happen regardless whether the ship is ultimately retired or refueled.

If Congress blocked those plans - which the Navy estimates would save $7 billion - the Navy would be forced to reduce its orders of submarines and destroyers instead, he said, noting that it would be hard to find big enough cuts elsewhere.

Greenert said the Navy still had a requirement for 11 carriers, but had been forced to make tough choices in its fiscal 2015 budget as it tried to balance competing priorities, including the need to start work on a replacement for the Ohio-class submarines that now carry nuclear weapons.

Greenert is due to testify before the House Armed Services Committee along with Navy Secretary Ray Mabus and Marine Corps Commandant General James Amos on Wednesday.

Source: Reuters
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Shipbuilding

Water-cooled WGM Motors From WEG

WEG, a supplier of drive technology, introduced its water-cooled WGM motors to the shipbuilding industry for the first time at SMM 2014. The WGM water-cooled induction motors are compact,

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

Austal Launches Trenton (JHSV 5)

Second Joint High Speed Vessel to be launched at Austal in 2014 On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV

Ship Repair & Conversion

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Industry Professionals to Speak at ShipConstructor Conference

The speakers representing various companies at next week's SSI Americas ShipConstructor User Conference, October 7-9, 2014 in Mobile, Alabama, demonstrate SSI's

Navy

US Aircraft Carrier Crew Rescues Fishermen

Sailors and Marines aboard the U.S. Navy aircraft carrier USS Theodore Roosevelt (CVN 71) assisted two fishermen aboard a fishing vessel engulfed in flames off the east coast of Florida, Sept.

Austal Launches Trenton (JHSV 5)

Second Joint High Speed Vessel to be launched at Austal in 2014 On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV

Australia, US Order Anti-ship Missile Decoys

Design of the next generation of anti-ship missile decoys is set to commence following the signing of two contracts between the Australian Defense Force and BAE Systems Australia Pty Ltd.

Finance

DryShips: Public Offering of Its Senior Secured Notes

DryShips Inc. announced today that it intends to offer senior secured notes due 2017 (the “Notes”) pursuant to its effective shelf registration statement. The Company

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Sonar Winch
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: 0.2172 sec (5 req/sec)