Navy details envisioned use of strategic deterrent fund

By Justin Doubleday / April 21, 2016 at 10:52 AM
The Navy for the first time has detailed how it would use a congressionally created fund and its special acquisition authorities to pay the tab for the Ohio-class submarine replacement program, which officials now say carries an estimated $122 billion in procurement costs. The Navy wants to leverage the authorities provided under the National Sea-Based Deterrence Fund to pay for the new ballistic missile submarines and has tasked an Independent Review Team with studying their implementation, according to an interim...

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