Time: The Navy's New Nuclear Submarine Is Likely to Cost Way More than $128 Billion
The U.S. Navy underplayed the development risks posed by key technologies for its new $128 billion Columbia-class nuclear-powered submarine, the Government Accountability Office said.
If the risks materialize, they are likely to result in increased costs and schedule delays for a program that already appears to be underfunded, the watchdog agency said in a report released Thursday on the Navy’s top acquisition program.
General Dynamics Corp. is the prime contractor for the submarine, which is designed to carry intercontinental ballistic missiles.
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WNU Editor: The US Navy is disputing the GAO report .... US Navy denies Columbia submarine technological, cost, and schedule risk (IHS Jane's 360). What's my take, this is not a cheap program (from Reuters) .... The program has an expected cost of $267 billion over its life cycle, including $128 billion to research, develop, and to buy 12 submarines.
Update: The GAO report is here.
More News On The GAO's Report On The U.S. Navy's New $128 billion Columbia-Class Nuclear-Powered Submarine
US Navy’s new missile sub cruising for cost overruns, warns watchdog -- Defense News
Navy Underestimated New Submarine's Technical Risks, GAO Says -- Bloomberg
GAO says it's 'unknown' if technology in Navy's new Columbia-class submarines will work as planned -- Business Insider/Reuters
GAO: Likely Inherent Errors in Key Components of US Strategic Nuclear Subs -- Sputnik International
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