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
 


People & Company News

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Why Maritime Museums Matter

With today’s focus on digital technology, mobile apps, enhanced reality and the overall digital landscape, the maritime industry often gets overshadowed, leaving some to ask,

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

Shipbuilding

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Heavy Lifting: Giant Pipe Racks Shipped for New FPSO

From Brazil to China and then back to Brazil, five pipe racks and three modules weighing a total of 1,871.51 metric tons and measuring 24,075 m³ will be transported

Ship Repair & Conversion

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

MN100: TPG Marine Enterprises, LLC

The Company: TPG Marine Enterprises, LLC is an operations, logistics and consulting company that specializes in all aspects of cargo movement on the Inland Waterways System.

Wärtsilä Re-gasification system for Norwegian Ship Conversion

Wärtsilä has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project that Höegh LNG plans to carry out on a modern LNG vessel.

Navy

Scorpene Submarine Data Leak: Setback to Indian Navy

India has began multiple investigations to determine the extent of damage caused by the reported massive leak of secret data detailing the combat and stealth capabilities

NOAA Engineers a Better Current Sensor for Mariners

Navigating into seaports is now safer and more efficient for mariners thanks to improved NOAA technology that ships rely on to give them information about currents.

Iran Vessels Make 'High Speed Intercept' of US Ship

Four of Iran's Islamic Revolutionary Guard Corps (IRGC) vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said, amid

Finance

Cochin Port Gets a Little 'Breathing Space'

The Cabinet Committee on Economic Affairs of India, chaired by the Prime Minister Narendra Modi, has given its approval for waiver of penal interest on Government

Asia’s Biggest Container Shipper Posts Loss

Asia’s largest container shipping company China Cosco Holdings Co  posted a net loss of Yuan7.2bn ($1.1bn) for the first six months of 2016, reversing the Yuan2bn

Hoegh LNG Profits Dip

Norway-based owner and operator of floating LNG import terminals, Höegh LNG  reported a second quarter profit after tax of US$3.5 million, down from $6.3 million in the first quarter 2016.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.1675 sec (6 req/sec)