The Navy would have to spend $102 billion annually build, operate and maintain a 355-ship fleet over the next 30 years, according to a new report from the Congressional Budget Office issued on Monday.
The report, prepared at the request of the House Armed Services subcommittee on seapower and projection forces, outlines cost scenarios in how the Navy buys and maintains the 355-ship fleet the service announced it needed in 2016 – up from its current fleet of 275 ships.
“The cost to build and operate a 355-ship fleet would average $102 billion per year (in 2017 dollars) through 2047, CBO estimates, or more than one-third greater than the amount appropriated for fiscal year 2016 for today’s 275-ship fleet… That amount would be 13 percent more than the $90 billion needed to build and operate the eet envisioned in the Navy’s 2017 shipbuilding plan,” read the report.
“Meeting the 355-ship objective would cost the Navy an average of about $26.6 billion (in 2017 dollars) annually for ship construction, which is more than 60 percent above the average amount the Congress has appropriated for that purpose over the past 30 years.”
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