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Navy Needs Big Budget Boost To Achieve 355 Ships, CBO Says

By Marc Selinger

Tuesday, April 25th, 2017

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Navy Needs Big Budget Boost To Achieve 355 Ships, CBO Says

USS George Washington (CVN 73) Carrier Strike Group and Japan Maritime Self-Defense Force (JMSDF) ships steam in formation for a photo exercise during the final day of Exercise Keen Sword 2011. Photo courtesy U.S. Navy

The U.S. Navy, which wants to expand its fleet to 355 ships, would have to spend an average of $26.6 billion a year over the next 30 years to reach its goal, a sharp increase from recent funding levels, the Congressional Budget Office (CBO) said April 24.The dollar amount is 40 percent more than what Congress appropriated for ship construction in fiscal year 2016 and 60 percent more than what the Navy has averaged over the past 30 years, the…

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