Shipbuilders could see billions of dollars from defense spending bill
Domestic shipbuilders could receive about $26 billion in funding via the National Defense Authorization Act, earmarked for new construction and procurement at U.S. yards. The post Shipbuilders could see billions of dollars from defense spending bill appeared first on FreightWaves.
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As much as $26 billion could flow to domestic shipyards for new construction and advanced procurement as part of the National Defense Authorization Act legislation awaiting a vote in the Senate.
Analysis by the Congressional Budget Office pegs the proposed FY 2027 NDAA authorizing roughly $26 billion for shipbuilding to: Build or support: The third Columbia‑class ballistic‑missile submarine One Virginia‑class attack submarine Provide advanced procurement for: Future submarines Future DDG‑51 Arleigh Burke‑class destroyers Fully fund the Ford‑class aircraft carrier program Fund: One anti‑submarine warfare auxiliary ship Two ship‑to‑shore connector landing craft Those builders include General Dynamics Bath Iron Works, HII Newport News, HII Ingalls, Fincantieri Marinette, and Hanwha Philly Shipyard.
The package’s total spending is $900. 6 billion. The FY 2026 NDAA authorized $26 billion in shipbuilding funds for similar programs, so the current proposal keeps shipbuilding at roughly that same level. Read more articles by Stuart Chirls here.
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