SECNAV Modly: Navy Needs Additional $120 Billion To Build 355-Ship Fleet By 2030

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SECNAV Modly: Navy Needs Additional $120 Billion To Build 355-Ship Fleet By 2030
By: Ben Werner
February 27, 2020 5:36 PM • Updated: February 27, 2020 9:54 PM


The Navy could build a 355-ship fleet by 2030, but paying for such a force will require adding between $120 billion and $130 billion to the service’s funding over the next decade, Acting Secretary of the Navy Thomas Modly told lawmakers Thursday.

Assuming the Navy and Department of Defense receive flat topline budgets for the next decade, Modly estimates it will take between $12 billion and $13 billion in additional funding each year to pay for building, staffing, maintaining and sustaining a 355-ship fleet.

At the current funding level – a proposed $20-billion shipbuilding budget in Fiscal Year 2021 – Modly said, “we’re kind of tapping out at about 305 ships; that flatline can sustain that 305 ships.”

https://news.usni.org/2020/02/27/secnav-modly-navy-needs-additional-120-billion-to-build-355-ship-fleet-by-2030