:

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

House Republicans Block Measure To Impeach Hegseth

House Republicans on Tuesday evening voted to block an attempt to impeach Defense Secretary Pete Hegseth. In a 211-204 vote, the House moved to refer Rep. Thomas Massie’s (R-Ky.) articles […]

Congress

Top House Defense Appropriator Calvert Officially Wins Reelection Bid

Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid. Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]

Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]

Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]