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Navy/USMC

SECNAV Nominee Says He Will Work To Improve Industrial Base, Evaluate Contracts

Rich Abott By
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SECNAV Nominee Says He Will Work To Improve Industrial Base, Evaluate Contracts
Financier John Phelan, Donald Trump’s pick for Secretary of the Navy in November 2024. Previously served as founder and chairman of Rugger Management LLC, and managing partner and co-founder of MSD Capital, LP, a private investment firm that works for Michael Dell and family. He is also on the board of the nonprofit Spirit of America. (Photo: Spirit of America)

President Trump’s nominee for Secretary of the Navy promised legislators Thursday he would evaluate contracts and improve the shipbuilding industrial base, while justifying his utility as an outsider businessman with no military or government experience. “Every shipbuilding delay, every maintenance backlog and every inefficiency is an opening for our adversaries to challenge our dominance.  We cannot allow that to happen. Naval innovation must also extend beyond hulls and keels, strengthening relationships with the defense industrial base, incorporating lessons from recent…

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