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Navy Warns Budget Squeeze In 2020s Could Jeopardize Fleet Size Goal

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Navy Warns Budget Squeeze In 2020s Could Jeopardize Fleet Size Goal
The SSBN(X) will replace Ohio-class ballistic subs. Photo: U.S. Navy

The Navy said in its annual shipbuilding plan submitted to Congress on Friday that the goal of reaching a fleet size of 306 ships by 2037 will be in jeopardy if the service cannot accommodate a large increase in the average annual funding that will be required over 10 years starting in 2024. The Navy projects it will need to spend an average of $19.8 billion annually in that timeframe to build the next generation of ballistic missile submarines intended…

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