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Wednesday, March 28, 2012

Huntington Ingalls Carrier Costs Must Be Curbed, Mabus Says

[USS Gerald R. Ford]Huntington Ingalls Industries Inc. and the Navy must show “significant improvement” in containing costs for the USS Gerald R. Ford aircraft carrier before its 2015 delivery date, according to U.S. Navy Secretary Ray Mabus.

“The Navy is conducting a line-by-line review” of all remaining anticipated expenditures “to identify further opportunity to reduce cost and to mitigate risk,” Mabus wrote in a letter dated yesterday to Senator John McCain, the senior Republican on the Senate Armed Services Committee.

Mabus outlined steps the service and its largest shipbuilder are taking to stem costs that McCain says have increased at least 18 percent to $12.3 billion.

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