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Friday, June 28, 2013

GAO: $12.8B Navy Carrier Project Weighed Down With Problems

USS Gerald R. FordThe U.S. Navy should delay the award of a multibillion-dollar contract to Huntington Ingalls Industries Inc. to build the second aircraft carrier in a new class as the first one faces failings from its radar to the gear that launches planes, congressional investigators said.

“Technical, design and construction challenges” with the first carrier, the USS Gerald R. Ford, have caused “significant cost increases and reduce the likelihood that a fully functional ship will be delivered on time,” the Government Accountability Office said in a draft report obtained by Bloomberg News.

The Ford, already the most expensive warship ever built, is projected to cost $12.8 billion, 22 percent more than estimated five years ago.

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