Trump Eyes Foreign Shipbuilders to Expand Navy, Create 540,000 U.S. Jobs
Updated
Updated · Fox News · Jun 29
Trump Eyes Foreign Shipbuilders to Expand Navy, Create 540,000 U.S. Jobs
3 articles · Updated · Fox News · Jun 29
Summary
Acting Navy Secretary Hung Cao said Trump wants foreign shipbuilders to open U.S. operations to speed Navy expansion, framing the plan as a domestic manufacturing push rather than buying ships abroad.
540,000 jobs could be created under the proposal, Cao said, as the administration argues overseas builders could bring more efficient production processes into the United States.
350 ships are needed to meet current demands, Cao said, with too few vessels forcing longer deployments for carriers such as the USS Gerald R. Ford.
$1.5 trillion in proposed defense spending is being pushed to fund the buildup as the Navy cites Middle East tensions and China’s growing Indo-Pacific presence.