Bloomberg reports that “the U.S. Navy will seek $81.4 billion to buy 38 warships, submarines and support vessels in the next five years, according to new budget figures from the service.”  

“The dollar size of the proposal for fiscal 2017 through 2021, which Assistant Secretary for Acquisition Sean Stackley is outlining Wednesday to a Senate Armed Services Committee panel, is largely in keeping with last year’s five-year plan. But it cuts 10 vessels, including previously announced reductions to the troubled Littoral Combat Ship.”