Navy proposes modest budget request with limited procurement under FY-25 spending caps

By Nick Wilson, Abby Shepherd / March 11, 2024 at 2:22 PM
The Navy is seeking $257.6 billion in fiscal year 2025 funding -- a modest 0.7% increase over the previous year's request -- in a budget that sees the service procuring fewer new ships and aircraft than expected and pushing the development of next-generation platforms further into the future in order to prioritize near-term readiness. According to Navy officials, spending caps within the 2023 Fiscal Responsibility Act forced the service to make tough choices. While the budget aims to reinstate San...

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