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Saturday, April 03, 2010

Gerald R. Ford-class carrier costs jump by $5.4 billion

USS Gerald R. Ford (CVN-78)The Navy's estimated cost to build three Gerald R. Ford-class aircraft carriers rose $5.4 billion, or 15.5 percent, since September 2008, according to a new Defense Department report.

Built at Northrop Grumman Corp.'s Newport News shipyard, the three carriers now will cost a combined $40.5 billion, up from $35.1 billion in 2008, the report said.

A majority of the cost increase, about $4.1 billion, is due to Defense Secretary Robert M. Gates' move to shift carrier production to five-year intervals instead of four, according to the document, called the Selected Acquisition Reports.

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