Aerospace Group:

Navy/USMC

Global Market For Naval Vessels Expected To Grow In Next Decade

Defense Daily Staff

Thursday, June 19th, 2014

SHARE:

Global Market For Naval Vessels Expected To Grow In Next Decade

An artist rendering of the Zumwalt class destroyer DDG 1000, a new class of multi-mission U.S. Navy surface combatant ship. Photo: U.S. Navy.

The global market for naval vessels is expected to grow at an annualized rate of two percent during the next 10 years, with North America holding the largest share of the market as the U.S. Navy recapitalizes its fleet, according to a June study published by Strategic Defence Intelligence. The study predicted the compound annual growth rate of 2.16 percent from 2014 to 2024. It said North America will represent the largest market followed by the Asia-Pacific, with the two…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]