Cost growth in the lead ship of the Gerald Ford-class of carriers, CVN-78, has ballooned beyond $1 billion over the original estimate, Navy Secretary Ray Mabus told the Senate Armed Services Committee today. He added that the Navy plans to ask for legislative relief on the congressionally mandated cost cap next year. The carrier cost overrun had previously stood at $884 million, but Sen. John McCain (R-AZ) said during his opening remarks at the hearing that he had heard the...
