US Navy Department releases proposed $194.1bn budget for FY19

13 February 2018 (Last Updated February 13th, 2018 12:36)

The US Navy Department has issued its proposed Base and Overseas Contingency Operations (OCO) budget for the fiscal year (FY) 2019, which is valued at $194.1bn.

The US Navy Department has issued its proposed Base and Overseas Contingency Operations (OCO) budget for the fiscal year (FY) 2019, which is valued at $194.1bn.

The navy budget forms part of the $716bn Base and OCO defence budget that has been submitted to Congress.

It is primarily focused on enhancing the readiness, capability and capacity of the US Navy and the US Marine Corps (USMC) with the aim of developing a more lethal, resilient and agile force.

US Navy Budget deputy assistant secretary rear admiral Brian Luther said: “The department is grateful for the increased funding and has worked diligently in this request to ensure the funding provided protects and sustains the readiness gains of FY18, and creates a balanced warfighting force with the capabilities needed for the fight, and the capacity to win the fight.”

“The department is grateful for the increased funding and has worked diligently in this request to ensure the funding provided protects and sustains the readiness gains of FY18.”

The budget covers a $63.4bn base and OCO request for operation and maintenance in order to fund the maximum executable amounts for ship depot maintenance, aviation depot maintenance and the flight-hour programme.

In addition, the FY19 submission proposes the procurement ten new US Navy vessels for a consideration of $58.5bn, as well as a further 54 ships across the Future Years Defense Plan (FYDP).

The amount is also expected to be invested in the acquisition of advanced systems such as unmanned, cyber and directed energy weapons.

The planned ten ships include three Arleigh Burke-class destroyers, two Virginia-class submarines, one littoral combat ship (LCS) and one expeditionary staging base.

Furthermore, the budget can be used for the development of 120 aircraft in FY19 and 655 aircraft across the FYDP, in addition to fully funding the US Navy’s Columbia-class ballistic missile submarine (SSBN) programme.

The submission proposes another $18.6bn for investment into research and development in order to support technological advancements intended to help counter threats in all environments and across all spectrums.