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M&A market heats up; 30-year shipbuilding plan; UAE sale avoids Senate block; and more

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Trump Administration Plans to Raid War Chest to Pay for Big Navy Shipbuilding Plan

Trump Administration Plans to Raid War Chest to Pay for Big Navy Shipbuilding Plan The guided-missile frigate USS Rodney M. Davis, left; the Japan Maritime Self-Defense Force destroyer JS Setogiri; the guided-missile destroyer USS O Kane; and the aircraft carrier USS Kitty Hawk steam in formation during a Rim of the Pacific 2008 exercise group photo off the coast of the Hawaiian Islands. (Navy photo by Kyle Gahlau) 11 Dec 2020 The Trump administration has, in its final weeks in office, unveiled a plan to meet the 355-ship Navy it promised early on but the costs associated with it could intensify a battle for Defense Department dollars as the Navy prepares to pour tens of billions of dollars into shipbuilding.

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