 Following the demise of the Soviet Union, and the reduction in Russian naval activity, and the perceived "Peace Dividend" of the mid-1990s, much of the US Navy's P-3 patrol aircraft fleet was subjected to budgetary reductions.In the case of the active duty P-3 fleet, the entire patrol aviation (VP) community was reduced by 50%, going from 24 deployable P-3C fleet squadrons and two fleet replacement squadrons, to 12 deployable P-3C fleet squadrons and one single-site fleet replacement squadron.The Reserve VP community of 13 P-3B and P-3C squadrons was subjected to more drastic reductions.