The U.S. Navy Is Truly Desperate for More Virginia-Class Submarines
Story by Peter Suciu • 1d • 3 min read
Summary and Key Points: The Biden administration is seeking $1.95 billion in additional funding for the U.S. Navy to build two Virginia-class nuclear-powered fast attack submarines, as costs have risen due to inflation and post-pandemic challenges.
-The funding gap emerged after the Fiscal Year 2024 budget allocated $7.13 billion for two Block V submarines, but older cost estimates failed to account for inflation. Delays in the procurement process, including disputes between the Navy and General Dynamics Electric Boat, have compounded the issue.
-The rising costs are likely to persist as the Navy looks ahead to Block VI submarines. A similar cost dispute recently delayed Boeing’s production of F/A-18 Super Hornets.
Biden Administration Seeks $1.95 Billion for Two Virginia-Class Submarines
https://www.msn.com/en-us/news/us/the-u-s-navy-is-truly-desperate-for-more-virginia-class-submarines/ar-AA1q4S4C?ocid=msedgdhp&pc=HCTS&cvid=93e9185582bf42629bd46d93e06b97cd&ei=195