CBO: An Analysis of the Navy's Shipbuilding Plans
Testimony before the Subcommittee on Seapower and Projection Forces, Committee on Armed Services, U.S. House of Representatives, March 10, 2011.
“At the direction of the Congress, the Department of the Navy issues annual reports that describe its plans for ship construction over the coming 30 years. The latest reportissued in February and covering fiscal years 2011 to 2040contains some significant changes in the Navys long-term goals for shipbuilding. The new plan appears to increase the required size of the fleet compared with earlier plans, while reducing the number of ships to be purchasedand thus the costs for ship constructionover the next three decades. Despite those reductions, the total costs of carrying out the 2011 plan would be much higher than the funding levels that the Navy has received in recent years, according to analysis by the Congressional Budget Office (CBO).”