Littoral Ships, Other Weapons Cut in New U.S. Navy 5-Year Plan

Carrier USS George Washington

From The Bloomberg:

The U.S. Navy has proposed a new five-year budget that cuts by almost half its purchases of a new warship that operates close to shore, a potential blow to Lockheed Martin Corp. and General Dynamics Corp.

The Navy would buy 15 of these ships through 2015, down from 29 in its plan of a year ago, and trim spending overall by 4.5 percent, according to an unreleased budget document. That’s the goal set by top Defense Department officials.

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My Comment: The cuts are now starting .... the US Navy better get use to it.