Valentine’s Day Massacre: U.S. Navy Eliminating $40 Billion In 6 Weeks

[TomSea]

Valentine’s Day Massacre: U.S. Navy Eliminating $40 Billion In 6 Weeks
Craig Hooper

© 2019 Bloomberg Finance LP

The Department of the Navy is preparing to announce a crash program to find “at least $40B in real line-of-accounting savings” over the next six weeks. This lighting-fast cost-cutting initiative, called a “Stem-to-Stern Capability Strategic Review”, will begin on February 18 and end on Tuesday, March 31.

The projected $40 billion in cuts will meet a budget savings target in the Navy’s Fiscal Year 2022-2026 “Future Years Defense Program” and support a required June Program Objective Memorandum (POM) submission to the Office of the Secretary of Defense.

While nothing is exempt from review, the Navy intends to primarily look for savings in eight areas: 1) Duplication of Information Technology systems and infrastructure; 2) Consolidation/Elimination of headquarters, commands and organizations; 3) Streamlined naval logistics; 4) Enabling capabilities that can be outsourced; 5) Enabling capabilities that can be consolidated to support an integrated naval force; 6) Reductions in Global Force Management offerings; 7) Significant reductions in service support contracts; and 8) Organization structure and manning constructs.

More at: https://www.forbes.com/sites/craighooper/2020/02/14/valentines-day-massacre-us-navy-eliminating-40-billion-in-6-weeks/#f96772e6543f