U.S. Navy Sees 20-Year, $333 Billion Plan Missing Ship Goals

The U.S. Navy’s 20-year plan to spend about $333 billion on new ships may mean fewer vessels built each year because of the high cost of replacing the Ohio-class nuclear-powered submarines, the service’s top acquisition official told Congress today.

“Yearly shipbuilding expenditures during the second decade” from 2022 through 2031 “is projected to average about $17.5 billion” in current dollars, Sean Stackley, assistant Navy secretary for acquisitions, told the House Armed Services Committee’s subcommittee on seapower and projection forces in prepared remarks today.