US Navy seeks life extension to meet 355-ship fleet
Although one step in a lengthy process, the US Navy set out its efforts on 12 February to recapitalise its fleet and significantly increase the number of hulls in its inventory.
Releasing its ‘Long-Range Plan’ for naval vessel construction from FY19, the document calls for an increase in key shipbuilding programmes.
According to the report the average ship construction budget up to FY23 is $19.7 billion per year, which would have to increase to $25 billion per year beyond then ‘to sustain the baselines stable acquisition profiles’.
Key themes identified in the National Defense Strategy formed the ‘overarching guidance’ for
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Naval Warfare
-
![The UK joins the movement towards joint procurement]()
The UK joins the movement towards joint procurement
The UK will spend an estimated US$3.89 billion over the next decade in joint naval programmes, a lot of which will be in cooperation with Norway.
-
![Rheinmetall’s GMF 140: Ambitious frigate or market misfit?]()
Rheinmetall’s GMF 140: Ambitious frigate or market misfit?
Rheinmetall has unveiled its first next-generation frigate design, showing ambitions to compete as a surface combatant prime contractor. While the company is targeting North America, analysts believe the concept may be better positioned for future European programmes.
-
![US Navy $76.6bn award provides stability for submarine production]()
US Navy $76.6bn award provides stability for submarine production
The US Department of War’s US$76.6 billion Columbia-and Virginia-class submarine contract gives industry demand certainty as Washington seeks to rebuild its shipbuilding base.
-
![Hanwha Ocean deepens US ties and eyes Saudi submarine prospect after Canada setback]()
Hanwha Ocean deepens US ties and eyes Saudi submarine prospect after Canada setback
Hanwha Ocean is deepening ties with the US and eyeing a submarine opportunity in Saudi Arabia, as South Korea looks to convert its Canadian defeat into export momentum.
