Navy floats $2.72 billion in shipyard updates for FY-24

By Linda Hersey / March 16, 2023 at 8:00 AM
The Navy is continuing its mission to modernize aging shipyard infrastructure with a request for $2.72 billion in fiscal year 2024 to make phased-in improvements at the nation's four public shipyards: Portsmouth (ME), Pearl Harbor (HI), Norfolk (VA) and Puget Sound (WA). The request is 47% higher than funds requested in 2023 through the Shipyard Infrastructure Optimization Program (SIOP). Launched in 2018, SIOP has a mission to provide “once-in-a-century improvement” to support maintenance for the Navy’s fleet of submarines, aircraft...

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