Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»Investment»The Navy would be wise to invest in Everett for a new class of ships.
Investment

The Navy would be wise to invest in Everett for a new class of ships.

The Elite Times TeamBy The Elite Times TeamMarch 27, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

A flurry of spending bills passed by Congress this month included a modest $19 million for military housing at the Naval Support Facility at Smokey Point in Snohomish County. The Navy plans to use it to build 88 new units for service members and their families, at the request of several members of the Congressional delegation in Washington.

This wise investment will ensure new housing for sailors serving on ships based at Naval Base Everett. But most importantly, it also builds on the Navy’s new long-term commitment to the city’s waterfront. Starting in 2028, Everett will begin accepting a new fleet of guided missile frigates called the Constellation class.

“…We have to have housing to accommodate this influx of sailors and their families,” said Rep. Susan DelBene, D-Medina, adding that Everett is short of about 150 units of military housing. He pointed out that

The Navy originally built the 30-year-old Everett base to house aircraft carriers. However, the last flattop was left there in 2015 when the USS Nimitz departed for Bremerton. Rep. Rick Larsen, an Everett Democrat, helped identify a new future for small vessels for installation.

Larsen argued that the Navy should find a new mission for the Pacific Northwest’s deep-water ports, which are close to the increasingly important Indo-Pacific region. The new frigate and its future crew face a world of increasing tensions and threats to freedom of navigation and commerce. These include everything from China’s tough stance on Taiwan to an actual firefight between the navy and Houthi rebels firing missiles from Yemen into Red Sea shipping traffic.

Ultimately, the Navy will replace the seven destroyers and one cruiser currently homeported in Everett with 12 new frigates, scheduled to be built and delivered by 2037. The number of sailors based in Everett will actually decrease slightly, from 3,100 to 2,900.

But smaller, more agile ships could help the Navy spread its fleet across the Pacific and beyond while reducing crew size at a time when the entire U.S. military is struggling to meet recruiting goals. At about $1.1 billion each, frigates are likely to cost about half as much to produce as larger destroyers, but they still have about a third of the firepower, said Brian Clark, a senior research fellow at the Hudson Institute. It is said that it can provide 2.

The Navy will need to add more facilities to Everett to support the new class of ships, including training and management. Fincantieri, the Italian company whose Wisconsin shipyard is building at least the first four ships of the class, is leasing space at the Port of Everett, the Everett Herald reported this week.

With the upcoming Constellation class, the Northwest’s naval vessels and sailors, including ballistic missile submarines at Hood Canal and aircraft carriers at Bremerton, will play an important role in national defense given changing geopolitics and real-world conflicts around the world. will be fulfilled.

Local members of Washington’s Congressional delegation must continue to fight for adequate housing, facilities, and quality-of-life amenities for facilities here like the one in Everett.

Seattle Times Editorial Board
Members include editorial page editor Kate Riley, Frank A. Brazen, Melissa Davis, Josh Farley, Alex Fryer, Claudia Lowe, Carlton Winfrey, and William K. Brazen (emeritus).

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleThe Investment Potential Of Today’s Climate Tech
Next Article Alternative Wealth Partners launches second fund targeting $150 million for energy, manufacturing, real estate and infrastructure projects » Dallas Innovates
The Elite Times Team
  • Website

Related Posts

Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

March 28, 2024

Recent trends in Kazakhstan’s investment situation

March 28, 2024

City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

March 28, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

BYD aims to acquire major lithium company to expand EV battery business

By The Elite Times TeamJanuary 15, 2024

[ad_1] Leading Chinese EV maker BYD has entered into “active” talks with lithium producer Sigma…

Lawmakers announce agreement to expand child tax credit and business deduction

January 17, 2024

AI: A moment of transformation for business technology

January 18, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.