Navy Outlines FY17 Budget Request
The Department of the Navy released its proposed $165 billion (Base and Overseas Contingency Operations ((OCO)) budget Feb. 9 for fiscal year (FY) 2017. This budget is part of the $583 billion defense budget President Barack Obama submitted to Congress on the same day.
The budget submission was guided by CNO Richardson's Design for Maintaining Maritime Superiority, which reflects the character of the security environment and accounts for the forces at play in the maritime system, the force of the information system, and the force of technology entering the environment. It makes key investments in people, platforms, installations, and research and development, so the Department of the Navy can execute the Defense Strategy.