Navy To Seek More Money For Subs, Aircraft Carriers
April 9, 2013
Bloomberg News
WASHINGTON - The Navy will propose increased submarine and aircraft carrier funding in its budget request for the fiscal year beginning Oct. 1, while sticking to its plan for the troubled littoral combat ship, according to internal figures obtained by Bloomberg News.
The budget seeks $5.41 billion for the Virginia-class submarine made jointly by Newport News-based Huntington Ingalls Industries Inc. and General Dynamics Corp., a 27 percent increase from $4.25 billion this year. The request would pay for two vessels in fiscal 2014 and includes a $1.6 billion down payment Congress has approved for two additional submarines in fiscal 2015.
The Navy's request is to be released Wednesday as part of the Pentagon's budget plan.
It includes $1.68 billion for continued development and construction on the Gerald R. Ford-class aircraft carrier program, more than doubling this year's $781.7 million request. Of that, $945 million would bankroll continued detailed design and construction of the John F. Kennedy, the second Ford-class carrier. Both are being built at Huntington Ingalls' Newport News Shipbuilding.
Huntington Ingalls and General Dynamics also benefit from $1.7 billion in the 2014 budget plan for one DDG-51 destroyer Congress added last month as part of final negotiations on this year's funding request.
The Navy is requesting $1.8 billion for continued procurement of the next four littoral combat ships built by Lockheed Martin Corp. and Austal Ltd. teams.
Bloomberg News
WASHINGTON - The Navy will propose increased submarine and aircraft carrier funding in its budget request for the fiscal year beginning Oct. 1, while sticking to its plan for the troubled littoral combat ship, according to internal figures obtained by Bloomberg News.
The budget seeks $5.41 billion for the Virginia-class submarine made jointly by Newport News-based Huntington Ingalls Industries Inc. and General Dynamics Corp., a 27 percent increase from $4.25 billion this year. The request would pay for two vessels in fiscal 2014 and includes a $1.6 billion down payment Congress has approved for two additional submarines in fiscal 2015.
The Navy's request is to be released Wednesday as part of the Pentagon's budget plan.
It includes $1.68 billion for continued development and construction on the Gerald R. Ford-class aircraft carrier program, more than doubling this year's $781.7 million request. Of that, $945 million would bankroll continued detailed design and construction of the John F. Kennedy, the second Ford-class carrier. Both are being built at Huntington Ingalls' Newport News Shipbuilding.
Huntington Ingalls and General Dynamics also benefit from $1.7 billion in the 2014 budget plan for one DDG-51 destroyer Congress added last month as part of final negotiations on this year's funding request.
The Navy is requesting $1.8 billion for continued procurement of the next four littoral combat ships built by Lockheed Martin Corp. and Austal Ltd. teams.