US Shipbuilding Capacity Lags Behind China
The United States is receiving a $3 billion commitment to increase its shipbuilding capacity. Democratic Congressman Joe Courtney stated the commitment is viewed by the American tech industry. The investment occurs amid tensions between the US and Britain regarding support for the Iran War. A member of the US Congressional Committee overseeing AUKUS signaled Australia may need to provide more funding to the defense pact in the future. The source noted the commitment is viewed as a move for the industry. The United States currently builds less than 0.1% of the world's ships, while China accounts for 47% of global shipbuilding. US munitions stockpiles are reported as low, with a lack of capacity to rapidly re-stock. The US military buildup has produced thousands of new ships, submarines, and missiles, but manufacturing capabilities have atrophied.
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Sources · 7 independent
“Democratic Congressman Joe Courtney says Australia's $3 billion commitment to increase the United States shipbuilding capacity is viewed”
“$3 billion commitment to increase the United States shipbuilding capacity is viewed”
“China builds 47% of the world's ships. The U.S. builds 1 tenth of 1%. We build fewer ships than Croatia or the Netherlands.”
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