GAO: Results of billions invested in shipbuilding efforts remain to be seen

By Abby Shepherd / February 27, 2025 at 4:14 PM
Billions of dollars have been invested in the nation’s shipbuilding industrial base by the Navy and the Office of the Secretary of Defense, yet the effectiveness of these funds is difficult to determine -- made even more tedious by a lack of coordination between the two groups, according to the Government Accountability Office. Between fiscal years 2014 through 2023, the Defense Department spent over $5.8 billion on the shipbuilding industrial base, GAO found, with plans to spend $12.6 billion more...

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