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Author Topic: New US Submarines Running $17 Billion Over Budget, Lawmaker Says  (Read 760 times)

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Online rangerrebew

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New US Submarines Running $17 Billion Over Budget, Lawmaker Says
« on: September 21, 2024, 12:58:03 pm »
New US Submarines Running $17 Billion Over Budget, Lawmaker Says
 
Bloomberg News | By Tony Capaccio
Published September 20, 2024 at 9:18am ET

WASHINGTON — The Navy’s new Virginia-class submarines are projected to run $17 billion over their planned budget through 2030, a problem emblematic of a crisis in the program, the House’s top lawmaker on defense spending disclosed.

“It’s clear that the Navy and shipbuilders have known about this shortfall for at least 18 months” but “Congress was notified just two weeks ago,” Representative Ken Calvert, chairman of the House defense appropriations subcommittee, said in remarks released Thursday before a classified hearing with Navy Secretary Carlos Del Toro.
 
The program for a new generation of nuclear-powered subs being manufactured by General Dynamics Corp. and HII “has slipped two to three years” behind schedule “and is experiencing extraordinary cost growth,” Calvert said. The $17 billion shortfall will increase the program’s projected $184 billion total cost if the Navy can’t close the gap by finding ways to cut expenditures.

https://www.military.com/daily-news/2024/09/20/new-us-submarines-running-17-billion-over-budget-lawmaker-says.html
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Offline Fishrrman

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Re: New US Submarines Running $17 Billion Over Budget, Lawmaker Says
« Reply #1 on: September 21, 2024, 05:51:40 pm »
ONLY $17 billion over-budget ??

Pour out some drinks and pass 'em around !!
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Offline Smokin Joe

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Re: New US Submarines Running $17 Billion Over Budget, Lawmaker Says
« Reply #2 on: September 23, 2024, 01:01:07 am »
Yeah, just elect Kamala and watch inflation really take hold.

Then see where the military budget needs go from there.
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