Leaner US Navy Predicted by Admiral

Press Release
Wednesday, October 24, 2012
Adm. Mark E. Ferguson, Vice Chief of Naval Operations: Photo credit USN

Adm. Mark Ferguson, Vice Chief of Naval Operations, offered a revealing look at the future of the Navy if budget cuts are approved.

The admiral gave the keynote address at the recent opening of the ONR (Office of Naval Research) Naval S&T (science and technology) Partnership Conference and ASNE Expo.

Speaking to a capacity crowd as keynote speaker, Ferguson said the Navy is already working hard to do more across the globe-with less resources. "The implications of trying to absorb a 9.4 percent cut on top of the significant reductions we've already done in fiscal year 2013 budgets, will have a very significant impact on the workforce, on the research and development (R&D) accounts-on everything," said Ferguson.

Without some sort of adjustment by Congress, currently the subject of discussion on Capitol Hill, the nearly 10 percent across-the-board Department of Defense budget cuts are slated to commence in 2013 and continue for 10 years.



The admiral stated he is personally hopeful lawmakers will moderate the cuts before they kick in, but noted that if no adjustments are made, the long-term as well as immediate effect on the Navy will be heavy. 

"If you project out 10 years-remember the budget control act talks about 10 years of reductions- now you start talking about a fleet reduced to about 230-235 ships," he said. "Now you start talking about reduction of manpower commensurate with that. Now you start talking about the reduction of money going to warfare centers, to R&D efforts."



People & Company News

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

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,

Navy

White House: Iranian Ships' Actions in Gulf Increase Risk of Miscalculation

Actions by Iranian vessels in several encounters with U.S. warships in the Gulf this week are cause for concern and increase risks of miscalculation, the White House said on Friday.

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines,

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

Finance

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Sonar
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: 0.1065 sec (9 req/sec)