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Sunday, May 20, 2012

House of Representatives supports two-per-year submarine production rate

[Virginia-class submarine]The U.S. House of Representatives passed a defense spending bill today that authorizes funding for a second Virginia-class submarine in 2014.

In its version of the bill that authorizes appropriations for fiscal 2013, the House included $4.9 billion in funding for the Virginia-class submarine program — $3.2 billion to build two submarines in 2013 and $1.7 billion, or $778 million above the president's budget request, to purchase parts with long lead times for two boats in both 2014 and 2015.

The president's proposed budget calls for building one Virginia-class submarine in 2014 instead of two and two submarines in 2018 instead of one to save money now.

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