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Navy Looks for $40 Billion in Cuts to Pay for Bigger Fleet

Navy Looks for $40 Billion in Cuts to Pay for Bigger Fleet
The U.S. Navy, the future USS Gerald R. Ford (CVN 78) is seen underway on its own power for the first time in Newport News, Va., on April 8, 2017. Mass Communication Specialist 2nd Class Ridge Leoni/U.S. Navy via Getty Images
Simon Veazey
Simon Veazey
Freelance Reporter
|Updated:

The head of the Navy is scouring the ledgers for $40 billion in savings to boost the fleet size, giving the service just six weeks to identify the cuts.

Those cuts, representing 7 percent of the Navy’s discretionary topline, are to be made over a five-year period, Acting Navy Secretary Thomas Modly wrote in a Feb. 18 memorandum (pdf).
Simon Veazey
Simon Veazey
Freelance Reporter
Simon Veazey is a UK-based journalist who has reported for The Epoch Times since 2006 on various beats, from in-depth coverage of British and European politics to web-based writing on breaking news.
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