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

Shipbuilding

Bollinger Wins Contract for Phase II FRC Builds

Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG).

Massive Layoff Ahead for Hyundai Heavy

Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.

Daewoo Shipyard Posts Q1 Operating Loss

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.   First-quarter

Navy

This Day In Naval History: May 5

1943 - USS Permit (SS 178), USS Snook (SS 279) and USS Sawfish (SS 276) damage two Japanese ships and sink two freighters and a gunboat.   1944 - The hospital ship,

SharpEye Radar Installed and Commissioned on SAS Drakensberg

Kelvin Hughes, a company in the design and supply of navigation and security surveillance systems, has announced the installation and commissioning of a SharpEye

Arabian Shipping at Risk of Al Qaeda Attack

Al Qaeda's Yemen branch remains a powerful force and poses a growing risk to merchant ships in vital waterways nearby despite efforts by Yemeni government forces

Finance

Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake

Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui,

ITIC Reports on Ship Agents' Costly Transhipment Errors

International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes.

Slower Demand for Larger Vessels Drags Baltic Index Lower

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.

News

Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake

Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui,

GPA Will Continue Weighing Containers at No Cost to Shippers

The U.S. Coast Guard announced last week that state-calibrated scales already in use at the Port of Savannah meet a new requirement of the international Safety of Life at Sea (SOLAS) Convention.

ITIC Reports on Ship Agents' Costly Transhipment Errors

International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes.

Government Update

FMC Chairman Applauds USCG Statement on Container Weights

Federal Maritime Commission (FMC) Chairman Mario Cordero commended the Coast Guard for issuing a bulletin last week regarding container weights that he hopes allows

OMB - Subchapter M Cleared for Publication

The Office of Management and Budget (OMB) completed its review of the draft final rule entitled Inspection of Towing Vessels, also known as "Subchapter M." The

Tanker Departs Libya Empty amid Political Crisis

A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics 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: 0.1398 sec (7 req/sec)