Courtney: Deal Brings Defense Money

by Categorized: 2014 Election, Economy, Joe Courtney Date:

The $1.1 trillion federal budget deal is good news for the submarine industry, substantially boosting funding for the Virginia Class Submarine Program and restoring the two-subs-per-year schedule for Electric Boat in Groton. The agreement ends an effort to eliminate a submarine from the yearly construction schedule.

The budget includes $6.5 billion for the Virginia Class Submarine program — $1.2 billion more than the original budget request. It also funds $1.1 billion in research and development for the Ohio Replacement Program and $59 million Virginia Payload Module program.

“The spending bill passed today in the House is a major victory for Connecticut’s defense industry and our economy as a whole,” Courtney said in a statement Wednesday evening. “The full commitment to submarine production and development is a strong indicator of the critical role of our nation’s undersea fleet in America’s national security strategy and a reflection of the hard work done each and every day by the men and women of Electric Boat. In a tough budget climate, and with most defense programs experiencing cuts to meet reduced budget resources, the 22% increase in funding for Virginia Class submarines is a tremendous win.\’\’

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