U.S. Navy, Marine Corps acquisition plans hit by sequester

Top officials from the U.S. Navy and Marine Corps told…

Top officials from the U.S. Navy and Marine Corps told lawmakers on Tuesday that across-the-board budget cuts in fiscal 2013 and 2014 would reduce readiness and cut heavily into their procurement and research and development programs.

Chief of Naval Operations Admiral Jonathan Greenert said budget requests required under sequestration had cut about $6.1 billion, or 8 percent, from the Navy’s investment programs in fiscal year 2013, which ends September 30.

He said those cuts would likely result in reductions in the numbers of weapons and aircraft the Navy would be able to buy, including one E-2D Hawkeye battle management aircraft built by Northrop Grumman Corp, one F-35C carrier fighter built by Lockheed Martin Corp, one P-8A maritime surveillance plane built by Boeing Co, and two unmanned Fire Scout helicopters, also built by Northrop.

Cuts in ship construction funds would lead to changes in current shipbuilding timelines, shifting some costs to future years, which could lead to cancellations of future ship procurements, Greenert told the House Armed Services Committee.

Read more at Yahoo! News

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