JULY 11, 2016 — The U.S. Navy's Naval Sea Systems Command (NAVSEA) has announced an inaugural Naval Shipyard Innovation Fund of $1 million to test innovative shipyard projects designed to reduce the time and cost of repairing and returning ships to the fleet. The fund is tied directly to shipboard maintenance work and support systems that enhance NAVSEA commander Vice Adm. Tom Moore's priority for Improving Ship Maintenance. It also embraces the Chief of Naval Operation's High Velocity…