US Navy's Virginia-class submarine program may exceed budget by $17bn by 2030 due to construction delays, producing only 1.3 submarines annually.

The US Navy's Virginia-class submarine program may exceed its budget by $17 billion by 2030, as reported by Rep. Ken Calvert. Delays of two to three years in construction have hindered progress, with the Navy currently producing only 1.3 submarines annually instead of the planned two. Lawmakers criticized Navy Secretary Carlos Del Toro for budget transparency issues, highlighting the program's potential impact on US partnerships, particularly with Australia.

September 20, 2024
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