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Thursday, February 23, 2012

U.S. Navy looks to rein in carrier program costs

USS Gerald R. Ford (CVN-78)The new Navy aircraft carrier Gerald R. Ford is the largest and most expensive ship in the service’s shipbuilding program, with a total price tag to develop and build the ship topping $15 billion.

And the cost is rising for the ship, the first of a new class of nuclear-powered carriers likely to remain in production for several decades.

The Navy, as part of its fiscal 2013 budget request released Feb. 13, is asking for another $811 million for “fact-of-life cost increases,” a figure that will drive the ship closer to a congressionally imposed cost cap.

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