Navy shipbuilding plan would cost $1 trillion over the next 30 years
By Nikki Wentling
Jan 14, 2025, 09:39 AM
The Navy's plan to expand its future fleet would require $1 trillion, according to Congressional Budget Office analysis. Here, ships under construction dock at Fincantieri Marinette Marine in July 2024 Marinette, Wisconsin. (Mike Roemer/AP)
For the U.S. Navy to achieve a proposed plan to expand its fleet of battle force ships, the service would need to spend $40.1 billion on shipbuilding every year through 2054, for a total of more than $1 trillion, according to new analysis from the Congressional Budget Office.
Over the next 30 years, the Navy wants to grow its fleet of battle force ships to 381 to face swelling global threats, according to the service’s most recent proposal. There are currently 295 in the fleet, and that number is expected to drop to 283 ships in 2027, when the Navy is planning to retire 13 more ships than it will commission.
“The pace of shipbuilding would be fastest in the early 2030s, reflecting the service’s desire to increase the size of the fleet as quickly as feasible,” the Congressional Budget Office said of the Navy’s proposal.
https://www.navytimes.com/news/your-navy/2025/01/08/navy-shipbuilding-plan-would-cost-1-trillion-over-the-next-30-years/
