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Friday, August 12, 2011

Ford Carrier Faces Cost Overruns

USS Gerald R. Ford (CVN-78)The U.S. Navy’s next-generation aircraft carrier CVN-78 Gerald R. Ford could exceed the current contract’s price by about 11%, Naval Sea Systems Command (Navsea) officials confirm.

The Navy now has a $5.2 billion design-and-construction contract with the Newport News Shipbuilding unit of Huntington Ingalls Industries (HII) for the carrier, which features a reconfigured and redesigned Nimitz-class hull. But the company may exceed that amount by about $562 million, Navsea confirms.

The Navy says the cost overrun is due to material costs and contractor performance.

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