Big Navy Frigate Risks Oversized $1.4 Billion Cost Per Ship

[rangerrebew]

Big Navy Frigate Risks Oversized $1.4 Billion Cost Per Ship

Anthony Capaccio Bookmark May 07 2020, 1:30 PM May 08 2020, 11:47 AM (Bloomberg) --

The Navy truncated orders for its ill-fated Littoral Combat Ship because the small vessels were vulnerable to attack and too lightly armed. Now, a new report suggests that the frigate intended to replace it may cost 56% more than projected

The service projects that 18 of 20 new frigates will cost an average of $940 million each in inflation-adjusted dollars. The first two are estimated at about $1 billion each because of one-time costs.

Read more at: https://www.bloombergquint.com/politics/navy-s-big-frigate-risks-an-oversized-1-4-billion-cost-per-ship
Copyright © BloombergQuint

 

[Axeslinger]

Big Navy Frigate Risks Oversized $1.4 Billion Cost Per Ship

Anthony Capaccio Bookmark May 07 2020, 1:30 PM May 08 2020, 11:47 AM (Bloomberg) --

The Navy truncated orders for its ill-fated Littoral Combat Ship because the small vessels were vulnerable to attack and too lightly armed. Now, a new report suggests that the frigate intended to replace it may cost 56% more than projected

The service projects that 18 of 20 new frigates will cost an average of $940 million each in inflation-adjusted dollars. The first two are estimated at about $1 billion each because of one-time costs.

Read more at: https://www.bloombergquint.com/politics/navy-s-big-frigate-risks-an-oversized-1-4-billion-cost-per-ship
Copyright © BloombergQuint

Hell thats already up about $200M from an article just earlier this week!