The sweeping COVID-19 stimulus package passed in March does not cover more than $1 billion in COVID-19-related costs run up by the defense contractors, Ellen Lord, the undersecretary of defense for acquisition, told lawmakers Wednesday.
The Navy could build a 355-ship fleet by 2030, but paying for such a force will require adding between $120 billion and $130 billion to the service’s funding over the next decade, Acting Secretary of the Navy Thomas Modly told lawmakers Thursday.
Ongoing problems with the Navy’s Optimized Fleet Response Plan delayed the release of the service’s new force structure assessment and long-term shipbuilding plan, Secretary of Defense Mark Esper told the House Armed Services Committee on Wednesday. Read More
Secretary of Defense Mark Esper faced sustained bipartisan criticism from the House Armed Services Committee over the Pentagon’s proposed shipbuilding plan during a Wednesday hearing on the Fiscal Year 2021 Pentagon budget.
A critical nuclear submarine supplier could take financial hits for years if the Navy sticks to buying just one Virginia-class fast-attack submarine in Fiscal Year 2021.
The Pentagon acknowledged Tuesday it had deployed at least one low-yield nuclear warhead on a U.S. Navy nuclear ballistic missile submarine.
Leaders from the House and Senate armed services committees agreed to a $738 billion Fiscal Year 2020 National Defense Authorization Act, which approves funding for several Navy programs but also imposes limits on a few high-profile ship programs. Read More
CAPITOL HILL – With 11 days to go until Fiscal Year 2019 ends, lawmakers from the House and Senate held their first armed services conference committee meeting to iron out differences between each chamber’s version of next year’s National Defense Authorization Act. Read More
The following is the Aug. 15, 2019 Congressional Research Service report, Defense Spending Under an Interim Continuing Resolution: In Brief. Read More
The full House of Representatives passed its version of the Fiscal Year 2020 National Defense Authorization Act on a strict party-line vote.