US Navy – Hagel: Navy to Lay Up 11 Cruisers, Carrier Cut Decision Delayed until 2016 Budget

USNI News – The U.S. Navy will “lay up” half of the service’s fleet of Ticonderoga-class missile cruisers under the President’s fiscal year 2015 budget proposal. “Half of the Navy’s cruiser fleet— or 11 ships —will be ‘laid up’ and placed in reduced operating status while they are modernized, and eventually returned to service with greater capability and a longer lifespan,” Defense Secretary Chuck Hagel told reporters during a briefing at the Pentagon on Monday.