SAN DIEGO U.S. Defense Secretary Ash Carter on Wednesday mapped out plans for the U.S. Navy to buy more high-end submarines, destroyers, fighter jets and unmanned underwater vehicles using $8 billion in savings generated by scaling back orders for smaller Littoral Combat Ships.
Carter said the Pentagon's five-year budget plan also included $2.9 billion to modify Raytheon Co's (RTN.N) SM-6 missiles for use as powerful anti-ship weapons, and buy 625 more of the weapons, which are now used for missile defense.
He said the Navy planned to buy nine Virginia-class submarines built by Huntington Ingalls (HII.N) and General Dynamics Corp (GD.N) and 10 DDG-51 destroyers over the next five years. He said the Navy's budget would fund 13 more Lockheed Martin Corp (LMT.N) F-35 fighter jets and 16 more Boeing Co (BA.N) F/A-18E/F fighters than planned over the same period.
(Reporting by Andrea Shalal; Editing by Phil Berlowitz)
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Published Date: Feb 04, 2016 03:30 am | Updated Date: Feb 04, 2016 03:30 am