President Trump Wants a 355-Ship Navy -- and $306 Billion to Build It
Two military shipbuilders are key to the Pentagon's plans to build a bigger Navy: General Dynamics and Huntington Ingalls.
President Trump Wants a 355-Ship Navy -- and $306 Billion to Build It
Overview
President Trump came into office (the first time) calling for the construction of a 355-ship battle force for the U.S. Navy. A decade later, the actual "battle force" strength is just 291 ships. That's an improvement from the 275 ships in the fleet when he entered office in 2016.
But it's not good enough.
Details
It's not even technically legal, as the just-released U.S. Navy 30-Year Shipbuilding Plan points out. By law, the Navy requires a fleet of 355 ships. What's more, the plan laments: "Over the past two decades, the shipbuilding budget has doubled, yet we have no more ships now than in 2003. This is a persistent problem."
Source
Originally published at www.fool.com.
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