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Navy/USMC

CBO Finds New Frigate May Cost 40 Percent More Than Estimates

Wednesday, October 14th, 2020

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CBO Finds New Frigate May Cost 40 Percent More Than Estimates

Fincantieri Marinette Marine’s winning offering for the U.S. Navy’s FFG(X) Future Frigate program, based on the FREMM frigate built for the French and Italian navies. (Graphic: Fincantieri Marinette Marine)

The Navy’s new FFG(X) frigate program could cost 40 percent more than the Navy’s estimate, the Congressional Budget Office (CBO) said in a new report. While the Navy estimates the first 10 frigates will cost $8.7 billion in FY 2020 dollars, at an average of $870 million per ship, CBO said its own estimate is they could be as much as $1.2 billion per ship for a total of $12.3 billion in FY 2020 dollars. The CBO report, The Cost…

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