
Starting in 2017, the Navy will invest $25 million a year on new equipment, materials and processes to help manufacturer Huntington Ingalls Industries’ [HII] Newport News Shipbuilding ratchet down the price of Ford-class aircraft carriers, the program executive officer for carriers said today.Rear Adm. Thomas Moore said he is looking for a two-to-one return on investment, and should he get that, the service might be willing grant HII further funds.The idea stems from “design for affordability” initiatives devised by Booz…