"According to the Government Accountability Office, the Navy estimates the first of 12 new strategic subs will cost $7.4 billion, but the service is trying to reduce the cost of the rest from the estimated $5.4 billion to $4.9 billion. That kind of spending will have an impact on Navy shipbuilding through the 2030s.
Leave it to Sen. John McCain (R-Ariz.) to bring up the uncomfortable reality of defense procurement overruns, focusing initially on an added $500 million needed for the CVN-78 — the USS Gerald R. Ford aircraft carrier whose cost overruns have grown to $2 billion.
McCain went on to ask Air Force Chief of Staff Gen.l Mark Welsh III: “Has anybody been fired because of the cost overruns of the F-35? I don’t think so.” As of March 2013, GAO had put the F-35 cost overruns at $1.2 billion."
Leave it to Sen. John McCain (R-Ariz.) to bring up the uncomfortable reality of defense procurement overruns, focusing initially on an added $500 million needed for the CVN-78 — the USS Gerald R. Ford aircraft carrier whose cost overruns have grown to $2 billion.
McCain went on to ask Air Force Chief of Staff Gen.l Mark Welsh III: “Has anybody been fired because of the cost overruns of the F-35? I don’t think so.” As of March 2013, GAO had put the F-35 cost overruns at $1.2 billion."
