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    New US nuclear-missile submarines hobbled by billions in growing costs, delays

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    Date
    June 12, 2022
    Author
    Capaccio, Tony
    Metadata
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    Classification code
    BM20220612_A2
    Excerpt
    The US Navy’s two newest submarine programs have been hampered by growing costs, poor contractor performance and delays in the last year, according to an assessment by congressional auditors. Costs for the 12-vessel Columbia class, the US’s next nuclear-missile submarine, have grown by $3.4 billion to a projected $112 billion before the first planned deployment in 2031, the Government Accountability Office (GAO) said in its latest annual report on major US weapons systems. Similarly, over the last year, work on the latest model Virginia-class attack submarine, which shares some of the same workforce, “fell further behind schedule, and construction costs continued to grow above original targets due to overall higher workforce demand and additional factors such as correspondingly less experienced workers,” the agency said.
    Citation
    Capaccio, T. (2022, June 12). New US nuclear-missile submarines hobbled by billions in growing costs, delays. Business Mirror, p. A2.
    URI
    http://hdl.handle.net/20.500.12174/12839
    Associated content
    Online version
    Corporate Names
    Government Accountability Office (GAO) Department of Defense (DOD) General Dynamics Corp. Huntington Ingalls Industries Inc. Elon Musk’s SpaceX United Launch Alliance (ULA)
    Personal Names
    Musk, Elon
    Geographic Names
    China Russia Columbia
    Subject
    submarines defence craft
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    • BusinessMirror [469]

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