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Navy/USMC

CBO Finds Shipbuilding Plan To Cost 10 Percent More Than Estimated

Rich Abott By
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CBO Finds Shipbuilding Plan To Cost 10 Percent More Than Estimated

A new Congressional Budget Office (CBO) report released April 22 estimates the Navy’s latest long-term shipbuilding plan would cost 10 percent more than the service expects. The Navy submitted the annual 30-year shipbuilding plans to Congress 10 months late in December, rather than as normal with the annual Defense Department budget request in early 2020. Beyond being late, it mapped out a plan to drastically increase the size of the fleet, reaching 355 manned ships within a decade and reaching…

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