Navy searching for $40 billion to reinvest from old systems

February 20, 2020

Federal News Network

The Navy is in search of $40 billion within its own budget as it finds itself with too many fiscal demands, like building a larger fleet, and a lack of appetite from Congress to raise the defense funding topline without fiscal accountability from the service.

In a Feb. 18 memo, acting Navy Secretary Thomas Modly details how the service will undertake its own Night Court — a process already being undertaken in the Army and Defense Department as a whole.

“I have commissioned a Department of the Navy Stem-to-Stern (S2S) Review,” Modly said in the memo. “The S2S will apply a strategic lens to the DoN program, with a fiscal goal of saving $40 billion in savings (average of $8 billion a year) across the 2022-2026 future years defense program. These savings will be repurposed in accordance with my top three priorities: designing and building a future integrated naval force structure (355+ ship Navy by 2030); advancing our intellectual capacity and ethical excellence; and accelerating digital modernization across the force.”

Click here to read more