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CBO Projects Higher Cost For Navy Shipbuilding

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CBO Projects Higher Cost For Navy Shipbuilding
The USS Carl Vinson (CVN-70). (Photo: U.S. Navy)

The Congressional Budget Office (CBO) in a report released Monday estimated that over the Navy’s 30-year shipbuilding plan costs will be on average about 13 percent more than the service projects. The analysis of the Navy’s 30-year plan submitted to Congress earlier this year found that the CBO and the Navy are pretty close on their estimates for the first 10-year period starting in 2015--with the CBO coming in at four percent higher than the service’s $15.7 billion range. In…

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