CLAVE 1 / 4The US Navy’s fleet has shrunk from 568 ships in 1987 to just 291 in 2026, despite budgets doubling since 2003.
CLAVE 2 / 4South Korea’s HD Hyundai, Hanwha, and Samsung now dominate global shipbuilding, holding over $145bn in orders as of June 2026.
CLAVE 3 / 4Virginia-class submarine production remains stuck at 1.1-1.2 boats per year, half the target of two.
CLAVE 4 / 4The US shipbuilding workforce has collapsed from 198,700 in 1980 to 145,700 in 2025, with submarine production alone needing 100,000 more workers.
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