Navy's New Carrier Plagued By Cost Overruns, Watchdog Says

Law360, Washington (September 6, 2013, 7:28 PM EDT) -- Technical, design and construction challenges have led to “significant” cost overruns for U.S. Navy aircraft carrier USS Gerald R. Ford, and decisions to install critical technologies that aren't fully mature will likely result in further unexpected costs, a watchdog report said Thursday.

According to the U.S. Government Accountability Office, construction of the ship has been hampered by several factors, including inefficient construction work, material shortfalls and engineering challenges, driving its cost up to $12.8 billion — more than 22 percent over the estimated $10.5 billion cost...
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