Navy's US$148-Billion FY 2015 Budget: Tough Choices Made

MarineLink.com
Tuesday, March 04, 2014
Navy Budget 2015: Image courtesy of USN

Rear Admiral William Lescher, 
Deputy Assistant Secretary of the Navy for Budget explains that in a period of fiscal austerity, the Department of the Navy’s $148 billion FY15 budget balances investments in presence, capabilities and readiness to provide sustainable forward naval presence and invest in our people and capabilities core to our warfighting edge. He continues:

"We all know this budget comes amid an environment of increasing fiscal austerity and uncertainty.  There were tough choices made, but this budget allows us to preserve our warfighting capability in a thoughtful, responsible way.

Forward Presence
To sustain our forward presence, we’ve prioritized funding in our operations and maintenance account-allowing our Navy to be forward when and where it matters.  We’ll fund and maximize presence through forward basing, forward operating and forward stationing, and with the Optimized Fleet Response Plan , which we expect to streamline maintenance and deployment cycles.

The operations and maintenance account includes money for ship steaming, flight hours, maintenance and base operations.  It supports the three BMD-capable destroyers joining the USS Donald Cook (DDG 75) in Rota in FY15, and it funds our amphibious ready groups and carrier strike groups – like the Iwo Jima ARG and Carl Vinson CSG – who will be deployed in FY15.

Investments in People and the Future
Investing in and retaining our quality Sailors and civilian personnel is a strong ongoing priority.  We continue work to reduce manning gaps at sea, improve sea/shore flow, and make investments to improve Sailors’ Quality of Service , while maintaining a stable end strength over the next five years.

We also make deliberate investments in our future capability — buying seven new ships in FY15, including two destroyers and two Virginia-class submarines.  We make critical R&D investments in priorities like our Ohio-class replacement submarine, the next generation jammer, and Unmanned Carrier Launched Airborne Surveillance and Strike, and prioritize electromagnetic spectrum and cyber capabilities.

Sustained Advantage
With a $15B reduction in our FY15 budget from the level forecast in last year’s budget submission, there’s no doubt we’ve had to take a hard look at areas to cut back – slowing the growth of compensation costs, reducing our aviation procurement by 21 aircraft and maintaining an option to inactivate an aircraft carrier and it’s air wing.  But we’re confident this budget makes the right choices where needed: it balances readiness — the ability of our ships, aircraft, Sailors and Marines to do the work they need to do — with our capacity — the full scope of platforms, payloads and weapons that we man and bring to the fight.  Within our fiscal limitations, this is the budget to continue to ensure near- and long-term wholeness – and to remain the world’s most capable Navy."

The budget proposal brief is available for download at: http://bit.ly/1i6gQER

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Shipbuilding

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Damen Builds Cable Installer For Maersk Supply Service

New Damen-built vessel for Maersk Supply Service to undertake long-term charter with DeepOcean   A newbuild DP2 cable installation vessel, Maersk Connector, was

Navy

Antietam, McCampbell Build Relationships at IFR 2016

Ticonderoga-class guided-missile cruiser USS Antietam (CG 54) and Arleigh Burke-class guided-missile destroyer USS McCampbell (DDG 85) arrived Feb. 4 in India

Indian Navy Shows Off Strength

India’s naval might was on full display off the coast of Visakhapatnam today (Saturday) as President Pranab Mukherjee reviewed the naval fleet.   Mukherjee,

Russia Confirms Tanker Seized by Niger Delta Militants

Russia’s embassy in Nigeria confirmed on Thursday that the Greek-owned oil tanker Leon Dias has been hijacked in the Gulf of Guinea, reports TASS.   There are

Finance

Sardines Boost Murmansk Port Turnover

In January 2016 turnover of the Murmansk Marine Fishing Port reached 22 thousand tons of cargo, including 15 thousand tons of fish. This is higher than last year,

COSCO Plans European Transhipment Hub

China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for

MISC Bhd: Revenue Up

Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015

News

First Women's Expedition to the Arctic

Company "MyArctic-expeditions" organize the first women's expedition to the Arctic Ocean. The expedition will start on March 5 in the capital of the Nenets Autonomous

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

Sardines Boost Murmansk Port Turnover

In January 2016 turnover of the Murmansk Marine Fishing Port reached 22 thousand tons of cargo, including 15 thousand tons of fish. This is higher than last year,

Government Update

Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian

China to Enforce Low Sulphur ECA in Yangtze River Delta

Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year.   China’s

COSCO Also Eyes Greek Train Network

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority 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: 0.2200 sec (5 req/sec)