New Nuclear Sub's Funding to Start on Time Despite Media Reports - US Navy

Earlier in March, media reported that the US Navy and Congress had not managed to find the funds to pay for the procurement of the Ohio Replacement Program, in charge of replacing the aging Ohio-class submarines with 12 more advanced subs.

MOSCOW (Sputnik), Alexander Mosesov — Procurement funding for the US next-generation strategic nuclear submarine will start in 2017 as expected, despite earlier media reports claiming the funds have not been found yet, a US Navy spokeswoman told Sputnik on Wednesday.

Compared to its predecessor — the third-generation Ohio-class strategic nuclear submarine, which was built from 1976 till 1997 — the fourth-generation replacement submarine is expected to feature fewer launch tubes, state-of-the-art sonar, optical imaging and weapons control systems, a new electric drive and a nuclear fuel core able to power the ship for its entire service life.

"[Advanced] procurement for the Navy's top programmatic priority, the Ohio replacement program, begins… in fiscal year 2017 and leading to the procurement of the first boat construction in fiscal year 2021," Nicole Schwegman told Sputnik.

The first replacement submarine is expected to cost $12,4 billion, including $4,8 billion in design and engineering costs and $7,6 billion in construction costs. The first submarine is expected to enter service in 2031.

As of 2015, Russia is the world's only country with fourth-generation strategic nuclear submarines in service — the Borey-class submarines, which are to become the mainstay of the naval component of Russia's strategic nuclear deterrent.