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Keyword: treadingwater

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  • Navy treading water - Rising costs sock shipbuilding, as local yard fears layoffs

    02/01/2007 10:31:14 PM PST · by NormsRevenge · 12 replies · 708+ views
    San Diego Union - Tribune ^ | 2/1/07 | Steve Liewer
    Bedeviled with cost overruns, the Navy's shipbuilding program is in danger of sinking under its own weight. Navy leaders have struggled to upgrade an aging fleet of warships with next-generation aircraft carriers, destroyers, amphibious assault ships and submarines that cost billions more than the vessels they replace. Seven new ships are budgeted for this year, barely a third of the number built annually during the peak Reagan-era defense buildup. Fifteen will be decommissioned, including the San Diego-based Ogden, Trenton and Dolphin. The result is a fleet of 276, the lowest total in nine decades. “The number of ships we're producing...