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Navy/USMC

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

Friday, October 19th, 2018

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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…

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