U.S. Naval Institute | February 20, 2024

The Navy’s Fiscal Year 2025 budget will ask Congress to fund one Virginia-class attack boat, a break from a steady two-per-year demand signal from the service and a sign that industry is still catching up to the current demand, three sources familiar with the proposed budget submission confirmed to USNI News.

The decision, initially contemplated last year, is a tacit recognition from the Navy and the Pentagon that the two shipyards building the attack boats and the industrial base can’t keep up with the two-per-year pace that the service says it needs to keep the fleet healthy, the sources all confirmed to USNI News.

Read Full Story HERE.