Navy: Carrier Cost Overruns May Hit $1.1 Billion -- Hampton Roads/Bloomberg
The Navy has estimated a worst-case cost overrun of as much as $1.1 billion for the aircraft carrier Gerald R. Ford, the service's most expensive warship.
The carrier is being built in Newport News by Huntington Ingalls Industries under a cost-plus, incentive-fee contract in which the Navy pays for most of the overruns. Even so, the service's efforts to control expenses may put the company's $579.2 million profit at risk, according to the Navy.
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Update: Navy’s worst-case cost overrun tops $1 billion for aircraft carrier Gerald Ford -- Washington Post
My Comment: Why always cost overruns for government contracts, programs, and commitments .... but never the other way around. Why .... I ask you .... why? Hmmmm .... maybe it is because of the larger gyms? (I'm being sarcastic).
The Gerald R. Ford is being constructed in Newport News. In this photo, Newport News Shipbuilding is completing an 825-ton superlift on the carrier. At 90 feet long, 120 feet wide and 30 feet deep, the stern section superlift was among the largest of the 162 that comprise the ship. (Courtesy of Huntington Ingalls Industries)
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