Department of the Navy Releases Fiscal Year 2019 Budget

The Department of the Navy released its proposed $194.1 billion (Base and Overseas Contingency Operations (OCO)) budget Feb. 12, for fiscal year (FY) 2019. This budget is part of the $716 billion (Base and OCO) defense budget President Donald Trump submitted to Congress the same day. Deputy Assistant Secretary of the Navy for Budget, Rear Adm. Brian Luther, briefed media during a Department of Defense press conference on the Navy and Marine Corps portion of the budget. “Our ability to complete our mission rests on the entire Navy and Marine…

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DoD Releases Fiscal Year 2019 Budget Proposal

“To address the scope and pace of our competitors’ and adversaries’ ambitions and capabilities, we must invest in modernization of key capabilities through sustained, predictable budgets. Our backlog of deferred readiness, procurement, and modernization requirements has grown in the last decade and a half and can no longer be ignored. We will make targeted, disciplined increases in personnel and platforms to meet key capability and capacity needs. The 2018 National Defense Strategy underpins our planned fiscal year 2019-2023 budgets, accelerating our modernization programs and devoting additional resources in a sustained…

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