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Navy Raises Shipbuilding Funding Requirement To Meet Challenge of Building 313-Ship Fleet

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By Geoff Fein The next four years will be a challenging time for the Navy as the service looks to buy another aircraft carrier, five surface combatants, 18 littoral combat ships (LCS) and eight Virginia-class submarines, according to the Navy's 30-year shipbuilding plan. Additionally, the Navy has revised its average steady-state annual shipbuilding funding requirement to $15.8 billion a year (in FY '07 dollars) through FY '20. The plan, sent to Congress on Monday, details the Navy's shipbuilding profile for…

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