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Congress

CBO Projects Higher Costs For Navy Ships Over Next 30 Years

Defense Daily Staff Defense Daily Staff
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The Congressional Budget Office (CBO) released a report this week projecting higher costs for procuring ships over the next three decades than the Navy estimates. The CBO estimated the cost for the final 10 years will be 33 percent higher than the Navy’s projection of $15.9 billion annually outlined in the shipbuilding plan (Defense Daily, March 29, 2012). The CBO anticipates a 19 percent higher cost than the Navy’s current estimate for the entire 30-year plan. The Navy released its…

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