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Resource Implications of the Navy's Fiscal Year 2008 Shipbuilding Plan [i] (March 23, 2007)

handle is hein.congrec/cbo0957 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Peter R. Orszag, Director U.S. Congress Washington, DC 20515 March 23, 2007 Honorable Gene Taylor Chairman Subcommittee on Seapower and Expeditionary Forces Committee on Armed Services U.S. House of Representatives Washington, D.C. 20515-6035 Dear Mr. Chairman: In response to your request, the Congressional Budget Office has assessed the long-term resource implications of the Navy's recently reported fiscal year 2008 shipbuilding plan. CBO estimates that the Navy would need to spend an average of $20.6 billion annually (in 2008 dollars) on new-ship construction over the next 30 years to implement its plan. With refuelings of nuclear-powered aircraft carriers and submarines included, the Navy would need to spend an average of $21.7 billion annually through 2037. Those estimates are based on a number of assumptions that CBO made about the size and characteristics of the various types of ships that the Navy would buy and when it would buy them. Different assump- tions could produce different estimates. The enclosure describes the analysis by CBO's National Security Division. If you would like further details, we would be pleased to provide them. The analysis was prepared by Eric J. Labs, who can be reached at (202) 226-2920. Sincerely, Peter R. Orszag Enclosure cc: Honorable Roscoe G. Bartlett, Ranking Member, Seapower and Expeditionary Forces Subcommittee Honorable Ike Skelton, Chairman, House Armed Services Committee Honorable Duncan Hunter, Ranking Member, House Armed Services Committee www.cbo.gov

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