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Letter to the Honorable Judd Gregg: Resource Implications of the Navy's Interim Report on Shipbuilding [i] (April 2005)

handle is hein.congrec/cbo10027 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas Holtz-Eakin, Director U.S. Congress Washington, DC 20515 April 25, 2005 Honorable Judd Gregg Chairman Committee on the Budget United States Senate Washington, D.C. 20510-6100 Dear Mr. Chairman: In response to your request, the Congressional Budget Office has assessed the near- term and long-term demands for shipbuilding resources associated with sustaining either a 260-ship or 325-ship fleet. CBO estimates that the Navy would need to spend an average of $15 billion annually (in 2005 dollars) on ship construction to achieve a 260-ship fleet in 2035. Achieving a 325-ship fleet by that year would require an average shipbuilding budget of $18 billion per year. 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 assumptions 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, Douglas Holtz-Ezakin Enclosure cc: Honorable Kent Conrad Ranking Member

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