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New CBO Report Suggest Navy Underestimated Long-Term Shipbuilding Costs

Costs associated with upgrading and maintaining the Navy’s combat fleet over the next 30 years will tack on an additional $2 billion to the sea service’s $465 billion shipbuilding plan, which could endanger Navy efforts to hit its 328-ship end goal, according to a recent report by the Congressional Budget Office. According to the report, the $15.5 billion the Navy plans to invest each year for the next three decades in building its fleet of surface warfare ships and submarines…

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Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

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EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

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