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The Navy only has enough money to develop either a new next-generation fighter, destroyer or submarine and will have to pick one platform to invest in, according to a recent memo obtained by USNI News.

In a memo dated June 4, acting Navy Secretary Thomas Harker called on the Navy to choose one of the three programs to initially pursue in earnest in the Program Objective Memorandum 2023 budget cycle.

The Navy cannot afford to simultaneously develop the next generation of air, surface, and subsurface platforms and must prioritize these programs balancing the cost of developing next-generation capabilities against maintaining current capabilities,” the memo reads. “As part of the POM23 budget, the Navy should prioritize one of the following capabilities and re-phase the other two after an assessment of operational, financial, and technical risk.”

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