CBO: Navy overestimated cost of new sealift vessel by half

By Justin Katz  
November 1, 2019 at 2:33 PM
The Navy overestimated the cost of a potential new sealift vessel by more than $500 million, according to a new Congressional Budget Office report published this week. The CBO report outlines the costs of recapitalizing the Navy's sealift fleet, a group of ships used to transport Army and Marine Corps ground supplies during wartime. The Navy's January 2019 report to Congress said a new vessel, specially designed to accommodate multiple auxiliary mission sets, would cost $1.14 billion per hull in...

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