The Navy submits an annual report that describes the planned inventory, purchases, deliveries, and retirements of the ships in its fleet for the next three decades. CBO estimates that the Navy’s 2020 shipbuilding plan would cost an average of $31 billion per year (in 2019 dollars) over 30 years, more than 50 percent above the average shipbuilding budget during the past five years. If the Navy adhered to that purchasing plan and its schedule for retiring ships, the inventory of ships would rise from 290 today to its goal of 355 ships in 2034 but would fall short of its specific goals for some types of ships.

Read the report