Spending Cuts Hit Navy Aircraft, Weapons Procurement In FY-15 Budget

By Lee Hudson, Lara Seligman, Olga Belogolova / March 4, 2014 at 8:48 PM
The Navy's fiscal year 2015 budget proposal is $15 billion below the level forecast in last year's budget submission, with the cuts falling heaviest in aircraft and weapons procurement programs, including the F-35 Joint Strike Fighter, P-8A Poseidon Maritime Surveillance aircraft, the CH-53K heavy lift helicopter and the Tactical Tomahawk cruise missile, according to details the service released today. The service also said that its budget plan between FY-15 and FY-19 is down $38 billion as compared with what it...

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