US Navy to Spend $81B on ships, subs through 2021

Posted April 8, 2016 at 4:55pm

Bloomberg reports that “the U.S. Navy will seek $81.4 billion to buy 38 warships, submarines and support vessels in the next five years, according to new budget figures from the service.”  

“The dollar size of the proposal for fiscal 2017 through 2021, which Assistant Secretary for Acquisition Sean Stackley is outlining Wednesday to a Senate Armed Services Committee panel, is largely in keeping with last year’s five-year plan. But it cuts 10 vessels, including previously announced reductions to the troubled Littoral Combat Ship.”