Congress has passed and the President has signed the historic $858 Billion 2023 National Defense Authorization Bill.

Find out how $858 Billion in 2023 Defense Spending will translate into Contracting Opportunities for the Navy by attending the 2023 Navy Contracting Summit! Major funding in 2023 includes:

• $31.9 Billion for shipbuilding, including 12 battle force shops: three DDG-51 Arleigh Burke Class destroyers; two Virginia Class submarines; two Expeditionary Medical Ships; one Constellation Class frigate; one America Class landing helicopter assault ship; one San Antonio class amphibious transport dock; one John Lewis Class fleet replenishment oiler; and one Navajo Class T-ATS fleet tug

• $5.9 Billion to continue construction of the Columbia Class ballistic missile submarine

• $748 Million towards strengthening the submarine industrial base

• $327 Million for the Shipyard Infrastructure Optimization Plan to recapitalize our Navy shipyards

• $17.4 Billion for Facilities Sustainment, Restoration & Modernization

• $1.2 Billion for Pacific Deterrence Initiative Military Construction

• An additional $191 Million for critical U.S. Indo-Pacific Command capabilities

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In its 9th year, the 2023 Navy Contracting Summit will be held at the Virginia Beach Convention Center in Virginia Beach, Virginia near Naval Station Norfolk, Norfolk Naval Shipyard, Naval Air Station Oceana, Naval Weapons Station Yorktown, and more. The Summit brings together Navy Command & Base Officials, Contracting Officers, Contracting Experts, Financing Sources, and Business Leaders nationwide. Hundreds of Prime Contractors, Subcontractors, Military Officials, Contracting Officials, Financing Experts, and Defense Agencies from throughout the country registered to participate in-person and virtually at the 2022 Navy Contracting Summit.