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Budget

Navy’s $33.3 Billion Procurement Budget For FY ’17 Contains Less Funding For Aircraft, Shipbuilding Than FY16

Valerie Insinna

Tuesday, February 9th, 2016

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Navy’s $33.3 Billion Procurement Budget For FY ’17 Contains Less Funding For Aircraft, Shipbuilding Than FY16

The USS Coronado (LCS-4) (Photo: U.S. Navy)

The Navy on Tuesday released its $164.9 billion budget request for fiscal year 2017, which includes $33.3 billion for ship, aircraft and weapon procurement.The service emphasized increasing its investments on future munitions and undersea warfare at the expense to some shipbuilding and aircraft procurement. One of the biggest tradeoffs comes as the result of a 12-vessel cut to the Littoral Combat Ship (LCS) program of record. Instead of procuring a total 52 LCS and fast frigates (FF), the service will…

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