News Column

Forbes: 30-Year Shipbuilding Plan Demands Prioritizing Investments in American Seapower

July 7, 2014

Congressman J. Randy Forbes (VA-04), Chairman of the House Armed Services Seapower and Projection Forces Subcommittee, released a statement in response to the Navy's new 30 Year Shipbuilding Plan:

"By the Navy's own acknowledgement, the new shipbuilding plan lacks the resources to be anything more than a piece of paper. With a continued $4 billion shortfall in the shipbuilding budget, even the Navy's minimalist goals will remain unfulfilled absent a reversal of sequestration or a decision to prioritize Navy investments over other national security goals. Furthermore, gimmicks like changing the ship counting rules to inflate the size of the Fleet do nothing to alter the reality that a significant national investment in Seapower is imperative for U.S. national security."

Read this original document at:

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Congressional Documents & Publications

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters