Results 1 to 2 of 2

Thread: Navy's $128 Billion Nuclear Sub Project Faces Audit Over "Unreliable Cost Estimates"

  1. #1

    Navy's $128 Billion Nuclear Sub Project Faces Audit Over "Unreliable Cost Estimates"

    A new report published several weeks ago raised red flags about the affordability of the U.S. Navyís latest nuclear submarine project.
    The Government Accountability Office (GAO) said the Navy is considering to ask Congress for additional funds in fiscal 2021 to procure the first of its new 12-ship fleet of nuclear-armed submarines.

    The Columbia-class submarine program has an estimated value of approximately $128 billion including research and development costs, with $115 billion for procurement. GAO said that makes it the third-costliest program for any weapon systems in the Pentagon's history. But stressed the cost estimate for the program "is not accurate because it relies on overly optimistic" reductions in labor costs, added GAO.

    Now the Pentagonís inspector general is getting involved and wants to audit the program's propulsion and steering system.
    Bloomberg said an audit would begin on the first of 12 vessels, will "determine whether the Navy is managing the development" of the system to "ensure that it meets performance requirements without cost increases or schedule overruns," the Department of Defense Inspector General (DoD IG) said in its fiscal 2019 audit plan.

    "There is a suggestion in this statement that the stern section may present some risk of cost growth or schedule delay," Ronald OíRourke, a naval systems analyst for the Congressional Research Service, said in an email to Bloomberg.
    The audit will surround the propulsor, a mechanical device that gives propulsion to the vessel and allows it to manuever through the water. The fleet of submarines is being built by General Dynamics Corp.ís Electric Boat division.
    "We look forward to working with the DoD IG on any such effort," said William Couch, a spokesman for the Naval Sea Systems Command.
    The audit could take a year to complete as Congress deliberates the fiscal 2021 defense budget. The Navy is expected to request additional funds to start construction of the first vessel in October 2020.



    https://www.zerohedge.com/news/2019-...cost-estimates
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



  2. Remove this section of ads by registering.
  3. #2
    You can't put a price on MAGA.
    Quote Originally Posted by dannno View Post
    Trump - accidentally killing a few children in the fight against Islamic extremism so Soros doesn't murder thousands of children
    Quote Originally Posted by dannno View Post
    Trump hasn't even been in 6 months, you can't call him a boondoggle President unless he has overseen a military boondoggle for at least a year or two.
    Quote Originally Posted by dannno View Post
    When Donald Trump talks about torture, I don't know what he really believes for sure, but he gets attacked on what he says unjustly by the media and many people here



Similar Threads

  1. Iraq war killed 120,000 and cost $800 billion, study estimates
    By tangent4ronpaul in forum World News & Affairs
    Replies: 3
    Last Post: 03-15-2013, 07:48 AM
  2. Replies: 3
    Last Post: 10-24-2012, 11:13 PM
  3. Replies: 1
    Last Post: 10-24-2012, 08:23 PM
  4. Unreliable "news" sources
    By Sematary in forum U.S. Political News
    Replies: 113
    Last Post: 08-22-2012, 08:55 AM
  5. Newt Gingrich New Romney Web Ads: “Unreliable Leader” & "Undisciplined"
    By Agorism in forum 2012 Presidential Election
    Replies: 1
    Last Post: 01-18-2012, 03:05 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •