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Inflation Adding Huge Costs To Coast Guard Shipbuilding, Operations And Sustainment

By Cal Biesecker

Thursday, May 12th, 2022

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Inflation Adding Huge Costs To Coast Guard Shipbuilding, Operations And Sustainment

Coast Guard National Security Cutter Hamilton shown escorting the Fast Response Cutters Moulthrope and Goldman in the Atlantic Ocean. Coast Guard photo.

The increasing costs of goods, in particular steel, is adding substantial costs to the Coast Guard’s shipbuilding and operations and threatens the procurement of one of two additional planned fast response cutters funded in fiscal year 2022, the service’s top official said on Thursday. “Historic inflation” has increased the price of steel for shipbuilding by 48 percent in the past year, added 20 percent to fuel costs with a further increase coming, and certain parts to maintain medium endurance cutters…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]