CBO: New Aircraft Carriers Poised To Breach Mandatory Cost Caps By $1.7B

By Jason Sherman, Lee Hudson / December 18, 2014 at 6:32 PM
Congressional auditors estimate the first two ships of the Ford-class aircraft carrier program built by Huntington Ingalls Industries will exceed statutory cost caps by $1.7 billion, raising the prospect that lawmakers may have to loosen restraints designed to reign in the price tags of the Gerald R. Ford (CVN-78) and the John F. Kennedy (CVN-79). The Congressional Budget Office, in its annual audit of the Navy's statutorily mandated shipbuilding plan that outlines inventory goals for the next three decades, estimates...

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