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Business Insider·3 min read·medium

The US Navy is pouring $76.6 billion into new submarines and the workers it needs to build them

The US Navy is pouring $76.6 billion into new submarines and the workers it needs to build them
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The US Navy has awarded $76.6 billion for the construction of 14 new Columbia- and Virginia-class submarines, including funding for workforce and infrastructure. This investment aims to address production delays and cost overruns while bolstering naval power against growing global competition.

Why it matters

Submarines are a cornerstone of US maritime strategy, and this massive investment reflects the urgency of maintaining military superiority in the face of geopolitical tensions.

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The investment accounts for 9 new Block VI Virginia-class attack submarines and five Columbia-class ballistic missile submarines. US Navy photo by Mass Communication Specialist 1st Class Bryan Mai The Pentagon awarded $76.6 billion for 14 Columbia- and Virginia-class submarines. The total includes previously announced construction, productivity, and workforce funding. The Navy's submarine programs face delays, cost overruns, and a strained industrial base. The US Navy announced tens of billions of dollars for new attack and ballistic missile submarines, as well as more money to support the workforce needed to build them. Navy shipbuilding projects have faced years of delays and cost overruns , particularly for its top submarine programs, raising concerns as China's already-massive fleet continues to grow and introduce new capabilities. The awards total $76.6 billion, covering the new submarines as well as investments in shipyard infrastructure and modernization, workforce support, and supply chains.

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