The 2024 Outlook for Navy Shipbuilding: Familiar Plans and Higher Costs
Presentation
Presentation by Eric J. Labs, an analyst in CBO’s National Security Division, at the Bank of America 2024 Defense Outlook and Commercial Aerospace Forum.
Like the Navy's shipbuilding plan for fiscal year 2023, its 2024 plan provides three alternative long-range projections of its future fleet rather than one. Overall, the objectives in the 2024 plan are similar to those in the 2023 plan, but the costs have increased substantially, largely reflecting higher estimated costs for submarines. CBO examines the 2024 plan’s implications for the potential composition, cost, and capabilities of the Navy’s fleet. The agency also explores the potential effect of the AUKUS security pact on the U.S. Navy’s inventory of attack submarines.
