$95 Billion Ukraine, Israel and Taiwan Aid Package Includes Boost for Submarine Production

The $95 billion Ukraine, Israel, and Taiwan aid package contains $2 billion to support the submarine production industry in the US. The investment is intended to boost the national shipbuilding base, which has been struggling to meet aggressive production targets due to decades of flat post-cold war spending. The Navy aims to acquire dozens of Columbia ballistic missile and Virginia attack submarines, and expects Electric Boat (EB), the Pentagon’s prime submarine contractor, and its suppliers to deliver two Virginias and one Columbia per year by 2028. EB has invested billions in its shipyards and hired a record number of employees in 2023, while retaining 88% of its workforce.

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