No Result
View All Result
  • Login
Monday, December 22, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

U.S. unveils plans for new ship under Trump’s ‘Golden Fleet’ bid

by FeeOnlyNews.com
20 minutes ago
in Business
Reading Time: 2 mins read
A A
0
U.S. unveils plans for new ship under Trump’s ‘Golden Fleet’ bid
Share on FacebookShare on TwitterShare on LInkedIn



The US Navy announced plans to build a new class of warship as part of President Donald Trump’s “Golden Fleet” bid to revive US shipbuilding and address shortfalls in smaller ships exposed by recent military operations around the world.

Navy Secretary John Phelan announced the plan — which would aim to have the first boat ready by 2028 — in a video posted on X. He said the goal would be building the ship “smart from the start, then upgrading it in steps over time, as the threat and technology evolve.”

The ship, dubbed the FF(X), will be built by Newport News, Virginia-based HII, whose Legend-class cutter will serve as the basis for the new vessel. Chief of Naval Operations Adm. Daryl Caudle said in a post on X that the Navy’s small surface combatant fleet is one-third of what the service needs.

Read More: Navy Cuts Orders for Frigate Trump Once Touted as ‘Beautiful’

Trump is set to make a shipbuilding announcement alongside Phelan and Defense Secretary Pete Hegseth later on Monday, according to a White House official, who declined to provide additional details.

Reviving US shipbuilding has been one of the Trump administration’s top defense-related priorities, with Hegseth saying contractors need to speed up development of new weapons systems or lose government contracts. Last month, the Navy announced it was cutting back orders of a new class of guided-missile frigate, the Constellation class, because of cost overruns and delays.

In an address to Congress in March, Trump announced he was creating a new Office of Shipbuilding, with plans for tax incentives to lure industry leaders back to the US.

“We used to make so many ships,” Trump said. “We don’t make them anymore very much, but we’re going to make them very fast very soon.”

Trump’s Golden Fleet program is aimed at restoring domestic shipbuilding as it seeks to compete against China, where roughly 53% of global shipbuilding takes place. The US builds just 0.1% of the world’s ships, according to a recent Center for Strategic and International Studies assessment. 

According to the Washington-based think tank’s report, China State Shipbuilding Corporation built more commercial ships by tonnage last year than the US industry since the end of World War II. The US continues to struggle with a shrinking workforce, supply chain issues and fewer yards.

“Recent operations from the Red Sea to the Caribbean make the requirement undeniable,” Caudle said. 

Using all American workers and parts, the Navy will first build the frigates, then hold a competition to expand construction to multiple yards.



Source link

Tags: bidfleetGoldenplansShipTrumpsU.Sunveils
ShareTweetShare
Previous Post

10 Cold‑Weather Car Expenses Seniors Forget to Anticipate

Related Posts

Wizz Air plans Tel Aviv, Eilat bases from March

Wizz Air plans Tel Aviv, Eilat bases from March

by FeeOnlyNews.com
December 22, 2025
0

Following understandings reached between Wizz Air and the Israeli authorities about the establishment of two bases in Israel (at...

The AI Stock That’s Secretly Crushing Nvidia

The AI Stock That’s Secretly Crushing Nvidia

by FeeOnlyNews.com
December 22, 2025
0

Nvidia undeniably led the first wave of the artificial intelligence revolution. As is always the case, though, competitors have figured...

Cold email landed me first job at LVMH, says Nespresso’s U.K. CEO Anna Lundstrom

Cold email landed me first job at LVMH, says Nespresso’s U.K. CEO Anna Lundstrom

by FeeOnlyNews.com
December 22, 2025
0

Anna Lundstrom, now at the helm of Nespresso’s U.K. and Ireland operations, once strutted in the world of high-end fashion...

Visa, Mastercard agree to pay combined 7.5m in ATM fee lawsuit

Visa, Mastercard agree to pay combined $167.5m in ATM fee lawsuit

by FeeOnlyNews.com
December 22, 2025
0

Visa and Mastercard have agreed to a combined payment of $167.5m to resolve a class action lawsuit concerning ATM access...

Sun shines again for SolarEdge

Sun shines again for SolarEdge

by FeeOnlyNews.com
December 22, 2025
0

Twenty years ago, the late Lieutenant General (res.) Guy Sella got together with four people who had served under...

Danone, Saputo in focus as China sets 21.9%-42.7% duties on EU dairy exports (DANOY:OTCMKTS)

Danone, Saputo in focus as China sets 21.9%-42.7% duties on EU dairy exports (DANOY:OTCMKTS)

by FeeOnlyNews.com
December 22, 2025
0

Dec. 22, 2025 4:26 AM ETDanone S.A. (DANOY) Stock, SAPIF Stock, SAP:CA Stock, GPDNF Stock, CHIQEWG, GF, EWI, EWQ, EWU,...

  • Trending
  • Comments
  • Latest
EBRI: 401(k) loans serve as health and housing lifeline

EBRI: 401(k) loans serve as health and housing lifeline

December 16, 2025
Newsom, DeSantis join forces to blast ‘idiotic’ push to allow oil drilling off coasts of California, Florida

Newsom, DeSantis join forces to blast ‘idiotic’ push to allow oil drilling off coasts of California, Florida

November 23, 2025
What is a credit card spending limit — and what to know

What is a credit card spending limit — and what to know

August 4, 2025
BAT to offload ITC Hotels shares worth Rs 2,948 crore via a block deal

BAT to offload ITC Hotels shares worth Rs 2,948 crore via a block deal

December 4, 2025
Links 12/10/2025 | naked capitalism

Links 12/10/2025 | naked capitalism

December 10, 2025
5 Senior Discounts Being Eliminated by National Retailers

5 Senior Discounts Being Eliminated by National Retailers

December 7, 2025
U.S. unveils plans for new ship under Trump’s ‘Golden Fleet’ bid

U.S. unveils plans for new ship under Trump’s ‘Golden Fleet’ bid

0
Foreclosure Starts Fall 7.6% Nationally, But These Key Counties Show Rising Distress

Foreclosure Starts Fall 7.6% Nationally, But These Key Counties Show Rising Distress

0
Mortgage Rates Today, Monday, December 22: A Little Lower

Mortgage Rates Today, Monday, December 22: A Little Lower

0
10 Cold‑Weather Car Expenses Seniors Forget to Anticipate

10 Cold‑Weather Car Expenses Seniors Forget to Anticipate

0
Europe Is Becoming A Country Risk For International Capital – Sell Now?

Europe Is Becoming A Country Risk For International Capital – Sell Now?

0
The Weekly Notable Startup Funding Report: 12/22/25 – AlleyWatch

The Weekly Notable Startup Funding Report: 12/22/25 – AlleyWatch

0
U.S. unveils plans for new ship under Trump’s ‘Golden Fleet’ bid

U.S. unveils plans for new ship under Trump’s ‘Golden Fleet’ bid

December 22, 2025
10 Cold‑Weather Car Expenses Seniors Forget to Anticipate

10 Cold‑Weather Car Expenses Seniors Forget to Anticipate

December 22, 2025
Wizz Air plans Tel Aviv, Eilat bases from March

Wizz Air plans Tel Aviv, Eilat bases from March

December 22, 2025
Bitcoin Long-Term Holders Stay Resilient, But Profits Haven’t Fully Arrived – Here’s What To Know

Bitcoin Long-Term Holders Stay Resilient, But Profits Haven’t Fully Arrived – Here’s What To Know

December 22, 2025
Ex-Citi private bank head Ida Liu goes to HSBC

Ex-Citi private bank head Ida Liu goes to HSBC

December 22, 2025
Asset manager Janus Henderson gets bought by Trian, General Catalyst for .4 billion

Asset manager Janus Henderson gets bought by Trian, General Catalyst for $7.4 billion

December 22, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • U.S. unveils plans for new ship under Trump’s ‘Golden Fleet’ bid
  • 10 Cold‑Weather Car Expenses Seniors Forget to Anticipate
  • Wizz Air plans Tel Aviv, Eilat bases from March
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.