US Navy Requests Congress for $5.7 Billion in Emergency Submarine Funding

Date:

Washington: The Office of Management and Budget delivered a request to Congress for approximately $5.7 billion in emergency funding to account for unexpected “shortfalls” in the US Navy’s Virginia-class fast attack submarine program, according to a senior Navy official.

The emergency funding request was accompanied by a separate “anomaly” that would permit the service to continue funding the Columbia-class ballistic missile submarine program in the event lawmakers pass a continuing resolution prior to when government funding is set to expire on December 20.

ads

Anomaly is the term the Defence Department uses when it seeks permission from Congress to spend money outside the traditional constraints of a continuing resolution.

“Our Virginia-class fast attack submarine program is not where it needs to be right now. The program and the shipyards are not producing submarines at the rate that our national security strategy and the national defence strategy require,” the official, who spoke on the condition of anonymity, told reporters. The Navy’s stated goal for its submarine programs is the so-called “2+1” cadence, which refers to two Virginia-class subs and one Columbia-class submarine built per year. The service’s historical record for Virginia-class submarines is closer to 1.2 to 1.3 boats per year.

The official said roughly $2 billion would go towards addressing funding “shortfalls” for the two fiscal 2024 Virginia-class submarines and $1.5 billion would go towards a similar anticipated shortfall for the one Virginia-class boat in the FY-25 budget.

The rest of the funding would be split between submarine prime contractors General Dynamics Electric Boat and HII’s Newport News Shipbuilding for increased wages and “other productivity enhancements,” the official said.

big bang
raksha-anirveda-icon

Raksha Anirveda's editorial desk team brings in the collective experience of creative professionals - a fine mix of senior copy editors, writers, proofreaders and designers. Working as a team, they continuously create, manage, and curate content to sustain the magazine's profile and reputation in line with market trends and achieve magazine's goal.

More like this

Swiss International Air Lines Takes Delivery of its First A350-900

Toulouse, France. Swiss International Air Lines (SWISS), member of...

Exercise Konkan 25: Deepening India-UK Defence Cooperation in Indo-Pacific Region

New Delhi: For the first time in naval history,...

Boosting Air Defence: Indian Army Launches Indigenous ‘SAKSHAM’ Counter-UAS Grid

New Delhi: Representing a major leap in integrated airspace...

German Lawmakers Green Light $8.14 Billion Defence Procurement, Back New Eurofighters Purchase

Berlin: Germany’s parliament has given the green light for...

Unveiling €31 Billion Defence Budget, Italy Defence Spending Figure Up 7.2 Percent

Rom: Italy is spending €31.3 billion ($36.2 billion) on...

From Bullets to Drones: Czech Defence Group CSG Aims to Become Significant Player in Military UAS, Advanced Weapon Systems

Warsaw: Prague-based Czechoslovak Group (CSG) has announced it is...

Rafael Unveils Full Portfolio of Cost-Effective APV Modernisation Solutions

Tel Aviv: The need of many armed forces to...
Indian Navy Special EditionLatest Issue