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Sunday, September 23, 2007

Price tag for U.S. Navy's new aircraft carrier on the rise, GAO says

The next-generation aircraft carrier Gerald R. Ford, under design at shipbuilder Northrop Grumman Newport News, faces "substantial risk" of cost overruns that could complicate the Navy's plan to increase its fleet, a federal report scheduled for release Monday says.

The Government Accountability Office, a watchdog for Congress, said that this "likely" cost growth "may force the Navy to sacrifice" other vessels in its 30-year plan to grow the fleet to 313 ships from the current 279, according to Bloomberg News. The business news service first reported the GAO's findings and quoted from the 41-page report.

The GAO said that delays in testing new key technologies - including a dual-band radar and systems for launching and landing fighter jets - could lengthen the carrier's construction time and drive up costs, Bloomberg reported.

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