With an armada of 77 ships, Carnival has slowed its costly shipbuilding program from 7 last year to no more than 4 per year beginning in 2005.

FORBES: Magazine Article

The Navy will lose one of its twelve aircraft carriers , while its shipbuilding program will be kept at a level that will reduce the service to fewer than 270 ships - a number clearly inadequate to meet the Nation's worldwide missions.

CENTERFORSECURITYPOLICY: John Kerry's defense budget