Watch the video above to find out how the Navy will upgrade its multibillion-dollar submarine fleet. The recently released defense budget request for fiscal 2022 could be less than what the Navy needs to keep pace with China and Russia, according to some observers. Rob Reinheimer, in a statement to CNBC.Īnd in response to the Government Accountability Office report on Columbia-class procurement released in January, Reinheimer said, "Over the past three years the Navy, with strong Congressional support, has invested over $573 million in shoring up existing sources and development of new suppliers." "The Navy is focusing on improving productive capacity via initiatives to increase on-time delivery and operational availability while reducing maintenance costs," said Navy Lt. But according to the Congressional Budget Office, a lack of shipyard infrastructure could delay those plans. The new SSN (X) attack submarine that the Navy is developing eventually to replace the current Virginia class of attack boats could cost between 5. And it wants to start shipbuilding on two to possibly three Virginia-class attack subs per year, and roughly one Columbia-class submarine per year until around 2035. The Navy currently has 68 submarines in service. Virginia-Class Attack Submarine (SSN) Source: Cropped version of photograph accompanying Dan Ward, Opinion: How Budget Pressure Prompted the Success of Virginia-Class Submarine Program, USNI News, November 3, 2014. Personal Loans for 670 Credit Score or Lower The Navy wants to shift from procuring Virginia-class boats to procuring SSN(X)s in the mid-2030s. Personal Loans for 580 Credit Score or Lower The design was the first completely new American submarine, but it was also the most technologically advanced and expensive. The Seawolf-class submarine was designed to counter the threat of Soviet ballistic missile submarines. Best Debt Consolidation Loans for Bad Credit The cost of a Seawolf-class submarine is approximately 2.7 billion.
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