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Navy Needs $14 Billion Per Year Through 2020 To Maintain 313-Ship Goal

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By Carlo Munoz NATIONAL HARBOR, Md.-- The Navy will need roughly $14 billion in shipuilding investments per year through 2020 to support the service's goal of a 313-ship fleet through 2025, according to Navy Secretary Ray Mabus. That figure would allow the Navy to stay on pace to replace the large number of legacy ships set to retire by 2020, maintain current shipbuilding priorities such as the Littoral Combat Ship and the DDG-1000 and support the Ohio-class submarine replacement program,…

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