:

Budget

Navy Needs Big Budget Boost To Achieve 355 Ships, CBO Says

By Marc Selinger

Tuesday, April 25th, 2017

SHARE:

Navy Needs Big Budget Boost To Achieve 355 Ships, CBO Says

USS George Washington (CVN 73) Carrier Strike Group and Japan Maritime Self-Defense Force (JMSDF) ships steam in formation for a photo exercise during the final day of Exercise Keen Sword 2011. Photo courtesy U.S. Navy

The U.S. Navy, which wants to expand its fleet to 355 ships, would have to spend an average of $26.6 billion a year over the next 30 years to reach its goal, a sharp increase from recent funding levels, the Congressional Budget Office (CBO) said April 24.The dollar amount is 40 percent more than what Congress appropriated for ship construction in fiscal year 2016 and 60 percent more than what the Navy has averaged over the past 30 years, the…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]