 Welcome to All Hands Update, I'm Penny Officer Jessica Bidwell. The Department of the Navy released its $161 billion budget proposal for fiscal year 2016, February 2nd at the Pentagon. Vice Chairman of the Joint Chiefs of Staff Admiral James Winnefeld spoke during the budget press release. We believe we've assembled the best possible combination of capability, capacity and readiness investments that we need to protect our nation and our national security interests. We also believe it meets the current and future needs of the all volunteer force that has served us so well and that represents our most asymmetric advantage in this world. The budget request was guided by Navy and Marine Corps senior leadership's implementation of strategic guidance, fighting terrorism and providing a stabilized presence across the globe. For more information and to view the budget proposal, visit budget.mil.