What Happened
Decades-Long Project Faces Cost Overruns And Delays
The US Navy’s initiative to revamp its four public shipyards, launched in 2018, could come with a staggering price tag of over $200 billion and take decades longer to complete than initially estimated, according to a new Government Accountability Office report. The Shipyard Infrastructure Optimization Program aims to upgrade the drydocks and standard equipment at the service’s current four shipyards, which oversee repairs for the Navy’s nuclear-powered aircraft carrier and submarine fleet. The report cites omitted key costs, commodity price increases, and seismic concerns as driving factors behind the increased costs and delays. The GAO recommends that Congress require the Navy to share an annual and standardized report detailing the program’s cost and status. This development was first reported by Breaking Defense.