Sign In
Search
Navy/USMC

CBO Values U.S. Sub Sales To Australia At $3 Billion Each, Estimates Timelines And Budget Impacts

Rich Abott By
SHARE:
CBO Values U.S. Sub Sales To Australia At $3 Billion Each, Estimates Timelines And Budget Impacts
United States Navy Virginia-class submarine USS North Carolina (SSN-777) arrived at Fleet Base West, Rockingham, Western Australia in August 2023 following participating in the international Talisman Sabre exercise. The nuclear-powered submarine was in Australia for a routine visit to provide respite for the crew (Photo: U.S. Navy)

A Congressional Budget Office (CBO) cost estimate report published Nov. 3 estimates a House bill allowing U.S. submarine sales to Australia would sell at $3 billion each and the overall effort would ultimately provide over $4.5 billion in deficit decreases. The House Committee on Foreign Affairs unanimously passed H.R. 4619, the AUKUS Submarine Transfer Authorization Act, in July. It authorizes the sale of up to two Virginia-class attack submarines (SSNs) to Australia within 15 years of enactment, permits collecting foreign…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Navy/USMC

Navy Eyes Another Three to Five PAEs, Aims To Minimize Direct Reporting PMs

Navy/USMC

“We Can Do A Lot:” Fincantieri Sees LSMs As Way Back To Serial Production, Could Start Production This Year

Navy/USMC

NASSCO And Vard Marine Picked For Next Gen Logistics Ship Design Work

Navy/USMC

Navy To Increase Hammerhead Mine Orders

Trending

Army Officially Launches ‘Amazon-Like’ UAS Marketplace
Lockheed Martin Rolls Out Low-Cost Containerized Grizzly Launcher
Defense Watch: Railgun Testing, DOGE Endures, FAMM Engines, Faster FMS
U.S. And Japan Conduct First SPY-7 ASEV Live Tracking Test
Space Force Adds Portfolio Acquisition Executives For Four More Mission Areas

Congress Updates

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume