What Sequestration? Naval Expansion to Fuel Shipbuilder Growth
From 2013 through 2016, sequestration, a system of budget cuts meant to enforce spending caps set by the Budget Control Act, led to stagnation in US shipbuilding output. Now, plans to dramatically increase the size of the US naval fleet from 275 ships to 355 promise to reinvigorate US shipbuilders.
November 14, 2017