5 problems that could torpedo America's naval shipbuilding capability:
Share to twitterThe U.S. shipbuilding industry is a tale of two cities. On the commercial side, the industry is a mere shadow of what it was a generation ago, when America was the biggest builder of oceangoing commercial vessels in the world. Today, thanks to subsidized competition from foreign shipyards, the U.S. produces less than 1% of oceangoing tonnage each year; few if any of the surviving American yards can compete outside the protected domestic market.
Of course, it helps that at about $200 billion annually, the U.S. Navy’s budget is bigger than the total military spending of any nation other than China. But as recent events have demonstrated, that is the kind of money Washington must spend in order to fulfill the maritime role it has assumed in the world. Even at half a billion dollars per day, the Navy is hard-pressed to keep up with demand for its warships in the Western Pacific, the Persian Gulf, and other strategically important regions.
Naval shipbuilding is not for the fainthearted. A nuclear-powered attack submarine contains hundreds of thousands of parts and requires specialized manufacturing skills for which there are few commercial applications.The federal government is the sole customer for warships built in U.S. shipyards, so how it manages its budgetary processes can have a profound impact on the industry’s fortunes.
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