Wednesday, December 24, 2008

P-8 funds to be shifted to DDG-1000?

Boeing's new P-8 patrol aircraft faces a cut of more than $900 million in the proposed fiscal 2010 defense budget to pay for a new DDG-1000 destroyer, according to budget documents. The ship is the last of three the Navy will buy from Northrop Grumman and General Dynamics. The fiscal 2010 ship plan also includes the purchase of two more DDG-51 destroyers. (Source: Bloomberg, 12/23/08). Northrop Grumman’s Pascagoula, Miss., shipyard is involved in both DDG-51 and DDG-1000 construction.