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The Navy’s FY 2020 budget request cuts numerous Textron Inc. [TXT] Ship-to-Shore Connector (SSC) Landing Craft Air Cushion (LCAC)-100 craft from the Future Years Defense Programs (FYDP) schedule due to contractor delays. In FY ’19, the Navy budget planned to procure eight SSCs per year from FY ’20-’23 for a total of 32 vessels. In contrast, the FY ’20 budget plans for zero vessels in FY ’20, four in FY ’21, five in FY ’23, and five in FY ’24…
