U.S. Navy Eliminating $40B In 6 Weeks

U.S. Navy Eliminating $40B In 6 Weeks
AP Photo/Alex Brandon

The Department of the Navy is preparing to announce a crash program to find “at least $40B in real line-of-accounting savings” over the next six weeks. This lighting-fast cost-cutting initiative, called a “Stem-to-Stern Capability Strategic Review”, will begin on February 18 and end on Tuesday, March 31.

The projected $40 billion in cuts will meet a budget savings target in the Navy's Fiscal Year 2022-2026 “Future Years Defense Program” and support a required June Program Objective Memorandum (POM) submission to the Office of the Secretary of Defense.

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