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Navy s spending in Hampton Roads dipped in 2020, report says

The Navy spent nearly $15.8 billion in Hampton Roads during the 2020 fiscal year. That’s down about $650 million, or 4%, from the year before.

Navy s spending in Hampton Roads dipped in 2020, report says

Spending fell about $650 million, or 4%, from the year before. The decline almost entirely due to a nearly 21% drop in purchases of goods and services at the region’s six naval installations, including construction, maintenance and repair, from $3.1 billion to $2.5 billion.

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