Navy launches efficiency drive in pursuit of savings
By Megan Eckstein
Thursday, Nov 30
WASHINGTON — The U.S. Navy is looking to find budget savings and efficiencies to give it more flexibility under tighter budget caps, the service’s undersecretary said today.
Erik Raven, who oversees the business side of the Navy, said the sea service is working with its program managers and prime contractors to address cost overruns, as one way to address the lower-than-expected budgets that stem from this summer’s Fiscal Responsibility Act.
More broadly, “the department is executing an internally focused effort to identify opportunities to better allocate funding,” in what Navy Secretary Carlos Del Toro has called the Running Fix effort, Raven said at a Navy League congressional shipbuilding breakfast event Thursday.
The assistant secretaries for research, development and acquisition and for financial management and comptroller will co-chair the effort, which Raven says will build upon past efforts to identify efficiencies.
https://www.defensenews.com/naval/2023/11/30/navy-launches-efficiency-drive-in-pursuit-of-savings/
