Hugh Lessig, Daily Press: Report: John F. Kennedy aircraft carrier cost estimate is unreliable
The Navy will likely exceed its $11.4 billion budget on the second Gerald R. Ford-class aircraft carrier now under construction at Newport News Shipbuilding, partly because it's counting on savings that haven't been achieved in 50 years of carrier construction, a new report says.
The Government Accountability Office, in a report issued Tuesday, recommended the Navy develop a new estimate for the future USS John F. Kennedy that stands up to cost reviews. It should also obtain an independent cost estimate before building future ships.
The Navy had a mixed response to the report, but repeated its commitment to finishing Kennedy at or under the cost cap, which is actuallly $11.398 billion.
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Update #1: Cost estimate for aircraft carrier being built in Newport News isn't reliable, GAO report says (Virginia Pilot)
Update #2: The Navy’s New Carrier Is Billions Over Budget – and the Next One Will Be Too (Ciro Scotti, Fiscal Times)
WNU Editor: Why am I not surprised.