REPORT ON ADVANCE PROCUREMENT FOR CVN-82 AND CVN-83.

SEC. 132. REPORT ON ADVANCE PROCUREMENT FOR CVN-82 AND CVN-83. (a) Report.—Not later than March 1, 2023, the Secretary of the Navy shall submit to the congressional defense committees a report on the plan of the Navy for advance procurement for the aircraft carriers designated CVN-82 and CVN-83. (b) Elements.—The report required by subsection (a) shall include an assessment of— (1) the value, cost, and feasibility of a two-year advance procurement period under a single-carrier acquisition strategy; (2) the value, cost, and feasibility of a three-year advance procurement period under a single-carrier acquisition strategy; (3) the value, cost, and feasibility of a two-year advance procurement period under a two-carrier acquisition strategy; (4) the value, cost, and feasibility of a three-year advance procurement period under a two-carrier acquisition strategy; and (5) the effect of a two-carrier acquisition strategy on force development and fleet capability. (c) Definitions.—In this section: (1) The term “single-carrier acquisition strategy” means a strategy for the procurement of the aircraft carriers designated CVN-82 and CVN-83 pursuant to which each aircraft carrier is procured separately under a different contract. (2) The term “two-carrier acquisition strategy” means a strategy for the procurement of the aircraft carriers designated CVN-82 and CVN-83 pursuant to which both aircraft carriers are procured together under one contract.