Seapower backers propose $25B to fix US shipyards 2 hours ago
The aircraft carrier Nimitz at the Puget Sound Naval Shipyard & Intermediate Maintenance Facility in Bremerton, Wash., during a maintenance period in 2018. (Navy) WASHINGTON ― As the U.S. Navy grapples with outdated maintenance facilities and a fleet stretched by maintenance backlogs, a bipartisan, bicameral group of lawmakers are proposing a $25 billion cash infusion for public and private shipyards timed for Congress’s debate on a massive infrastructure package. The additional money would fully fund the Navy’s ongoing 20-year, $21 billion public shipyard recapitalization plan in a single year, with flexibility to spend that money over time. Another $4 billion for private shipyards that build and maintain the fleet makes up the rest.
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LCS shipbuilder president resigns amid US and Australian financial investigations February 22
The littoral combat ship Jackson pierside in San Diego, Calif. Construction costs on Jackson led to a $115 million write-off that is now the subject of international investigations. (Lt. Miranda Williams/U.S. Navy) WASHINGTON – The head of Alabama shipbuilder Austal USA has resigned amid investigations from U.S. and Australian authorities into a $115 million loss the company posted in 2016 that was tied to the builder’s Independence-class littoral combat ship program. The company announced in a press release Monday that Austal USA President Craig Perciavalle has resigned and been replaced in the interim by Rusty Murdaugh, the company’s chief financial officer.