Navy’s Ray Mabus: ‘Sequestration Looms Over Everything’ On Shipbuilding

CAPITOL HILL: Sequestration is not the Navy’s only shipbuilding problem. In the near term, the automatic cuts to the 2013 budget are bedeviling efforts to save money by buying ships in bulk. Negotiators are racing the clock to salvage a multi-year procurement contract to buy 10 DDG-51 Aegis destroyers for the price of nine; Navy…