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Tuesday, April 09, 2013

Navy to Seek More Money for Cost-Challenged Ship Programs

Virginia-class submarine |The U.S. Navy is seeking more money for the Gerald R. Ford-class aircraft carrier dogged by rising costs and sticking to its plan to buy four more troubled Littoral Combat Ships, according to internal budget figures obtained by Bloomberg News.

The service’s budget request for the fiscal year beginning Oct. 1 also seeks $5.41 billion for the Virginia-class submarine made jointly by Huntington Ingalls Industries Inc. and General Dynamics Corp., a 27 percent increase from $4.25 billion this year.

The Navy’s request is to be released tomorrow as part of the Pentagon’s $526.6 billion budget plan.

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