Top Navy Official: Cruiser Modernization Plan Will Save More Than $6 Billion

By Lara Seligman / April 9, 2014 at 4:16 PM
The Navy's plan to modernize 11 out of a fleet of 22 guided missile cruisers will lead to more than $6 billion in cost savings, according to a top service official. "By drawing out manpower and operating costs during the extended modernization period, the Navy will realize [costs] in excess of $6 billion," Deputy Assistant Navy Secretary for ship programs Allison Stiller said on April 9 at the Navy League's annual symposium. The savings would be realized across the length...

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