Brenda Marie Rivers

Navy Dept Seeks to Reinvest $40B in 5 Years; Thomas Modly Comments

The Department of the Navy plans to implement a cost assessment initiative to help save $40 billion from fiscal years 2022 through 2026, USNI News reported Tuesday. As part of the Stem-to-Stem Review program, DoN will aim to reprogram $8 billion per year to support Future Defense Program priorities including readiness improvement and ballistic missile submarine procurement.

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