The Navy's cost estimate for the Columbia-class submarine is “not reliable,” and an independent assessment of the procurement price may not be ready in time to inform the fiscal year 2021 budget request, according to a new government watchdog report. “The Navy’s $115 billion procurement cost estimate is not reliable partly because it is based on overly optimistic assumptions about the labor hours needed to construct the submarines,” the Government Accountability Office said in a report published today . “While...
