Sign In
Search
Navy/USMC

CBO Says Navy’s 30-Year Plan Would Cost A Third More Than Service Estimates

Rich Abott By
SHARE:
CBO Says Navy’s 30-Year Plan Would Cost A Third More Than Service Estimates
USS Washington (SSN 787), a Virginia-class submarine, completing initial sea trials. (Photo: Huntington Ingalls Industries)

The Congressional Budget Office (CBO) released a report on Thursday finding the Navy’s plan to increase shipbuilding to get toward 355 ships would cost a third more than the service estimates when including all costs in shipbuilding.Whereas the Navy’s plan estimated new ships would cost about $631 billion over 30 years with an average of $21 billion per year, the CBO estimated that using its own assumptions the cost would be closer to $26.7 billion per year or a total…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Defense Watch

Defense Watch: Air, Space & Cyber, Poland Loans, Argentina FMS

Defense Watch

Defense Watch: Air, Space & Cyber, Poland Loans, Argentina FMS

Defense Watch

Defense Watch: Polish Aerostats, Honeywell False Claims Act, Drone JV, Lockheed Martin Training Round

Advanced / Transformational Technology

Army To Field Joint Laser Weapon System By July 2028, Pentagon’s Critical Tech Lead Says

Trending

USAF, Northrop Detail Sentinel ICBM ‘Vertical Stacking’ Demo, On Track For Flight Tests In 2027
Meink: U.S. Has Orbital Space Weapons, SB-AMTI To Launch This Month, 500 CCAs by 2032
Skunk Works Plans First Flight of Vectis Prototype By End of Next Year
Pentagon Wants AI System to Understand and Predict Space Threats
AEVEX Completes $600 Million Acquisition Of USV Manufacturer BlackSea

Congress Updates

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume