07.01.2011 - 09:32 [ U.S. Department of Defense ]

DOD Announces $150 Billion Reinvestment from Efficiencies Savings

The Department of the Navy proposed efficiencies savings of more than $35 billion over five years to include:

* Reducing manpower ashore and reassigning 6,000 personnel to operational missions at sea;
* Using multi-year procurement to save more than $1.3 billion on the purchase of new airborne surveillance, jamming, and fighter aircraft;
* Disestablishing several staffs (but not the associated platforms) to include submarine-, patrol aircraft-, and destroyer-squadrons plus one carrier strike group staff; and
* Disestablishing the headquarters of Second Fleet at Norfolk, Va., and transferring responsibility for its mission to the Navy’s Fleet Forces Command.