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Navy/USMC

Navy Wasted Almost $2 Billion On Cruiser Modernization Work With Mismanagement, GAO Finds

Tuesday, December 17th, 2024

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Navy Wasted Almost $2 Billion On Cruiser Modernization Work With Mismanagement, GAO Finds

USS Chosin (CG-65) prepares to depart Pearl Harbor a last time in 2016 before shifting homeports to San Diego to undergo Cruiser Modernization. (Photo: U.S. Navy)

The Navy’s effort to modernize 11 Ticonderoga-class cruisers ended up wasting $1.84 billion on ships never finished with other cost and schedule delays that only led to three ships having their service lives extended, according to a recent government watchdog report. A Government Accountability Office (GAO) report published Tuesday noted the Navy spent about $3.7 billion originally meant to modernize 11 cruisers since 2015, but now only three are set to serve for less than the originally planned five extra…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]