Navy Secretary Richard Spencer today acknowledged risk in the service’s goals for the Columbia-class submarine program, noting the Navy is working to alleviate concerns. “We are balancing risk in both of those portfolios,” Spencer told the House Appropriations defense subcommittee panel, referring to the Virginia-class and Columbia-class submarine programs. “We do have concern. I would be remiss if I didn’t say that,” he continued. Spencer told lawmakers the Navy would host a meeting next week with members of industry to...