CBO On Ships

The Congressional Budget Office released a report today on the Navy's fiscal year 2014 shipbuilding plan.

The report includes CBO's first cost estimate for the CVN-79 aircraft carrier. "The Navy estimates that the ship will cost $10.2 billion in 2013 dollars, or $11.3 billion in nominal dollars," CBO states, adding:

In its new Selected Acquisition Report on the CVN-79, the Navy describes its cost estimate as an "aggressive but achievable target." In contrast, CBO estimates that the cost of the ship will be $11.3 billion in 2013 dollars, or about 10 percent more than the Navy’s estimate, and $12.0 billion in nominal dollars.