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CBO: Navy shipbuilding plan has a hefty price ticket

marinesalvage by marinesalvage
May 21, 2024
in News
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CBO report on Navy Shipbuilding
CBO report on Navy Shipbuilding

Expect naval shipbuilding analysts to have a busy weekend poring over a just-released report from the nonpartisan Congressional Budget Office (CBO). Among its findings are that even when the Navy acquired the identical quantity of funding (in fixed {dollars}) for shipbuilding in annually from 2023 to 2052 that it has acquired in every of the previous 5 years—a half-decade that noticed the best stage of such funding for the reason that Eighties—the service nonetheless couldn’t afford any of the three alternate options in its 2023 shipbuilding plan.

Each yr the Department of Defense submits a congressionally-mandated report with the President’s funds describing the Navy’s deliberate stock, purchases, deliveries, and retirements of ships in its fleet for the subsequent 30 years. This yr, in a departure from all earlier shipbuilding plans, the Navy’s fiscal yr 2023 shipbuilding plan supplied three various long-range projections of its future fleet fairly than one.

The just-released Congressional Budget Office report analyzes the alternate options within the 2023 plan and estimates the prices of implementing every of them.

Here’s the CBO’s bare-bones abstract of its report:

COST

The three alternate options within the Navy’s 2023 plan would require common annual shipbuilding appropriations that have been 23 % to 35 % greater than the common over the previous 5 years. CBO estimates that whole shipbuilding prices would common about $30 billion to $33 billion (in 2022 {dollars}) over the subsequent 30 years, which is 14% to 18% greater than the Navy estimates. The Navy’s whole funds would enhance from $220 billion right this moment to roughly $290 billion (in 2022 {dollars}) in 2052.

PURCHASING PLAN

The Navy would buy 282 battle power ships below Alternative 1, 294 below Alternative 2, or 340 below Alternative 3. (Battle power ships embrace plane carriers, submarines, floor combatants, amphibious warfare ships, fight logistics ships, and a few help ships.) Overall, Alternative 1 locations barely extra emphasis on shopping for giant floor combatants than Alternative 2 does. Under Alternative 2, the Navy would purchase extra submarines than below the opposite alternate options, though it might buy extra current lessons of submarines and fewer next-generation submarines. Under Alternative 3, the Navy would purchase extra ships of every kind, apart from submarines, than below the opposite alternate options. (The 2023 plan presents few particulars in regards to the prices or portions of unmanned floor or undersea vessels.)

FLEET SIZE

If the Navy adhered to the schedule for purchases and ship retirements outlined in its 2023 plan, by 2052 the variety of battle power ships would enhance from 292 right this moment to 316 below Alternative 1, 327 below Alternative 2, or 367 below Alternative 3. In all three circumstances, the fleet could be smaller over the subsequent 10 years than it’s right this moment, earlier than growing in measurement.

FLEET CAPABILITIES

Under all three alternate options, the Navy would scale back the fleet’s firepower over the subsequent decade however would ultimately increase its missile functionality by growing the variety of missile cells (that are vertical tubes or launchers on floor ships and submarines that carry the Navy’s offensive and defensive missiles) and deploying them on extra ships than they’re deployed on right this moment.

  • Download the complete CBO report

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