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Aircraft Carrier $370 Million Over Congressional Cost Cap

Updated on

The second aircraft carrier in the Navy’s new Gerald R. Ford class is now estimated to exceed a cap imposed by Congress by at least $370 million, according to the Pentagon’s independent cost office.

The working estimate for the USS John F. Kennedy is about $11.868 billion as of late last month, which would violate the congressionally mandated cap of $11.498 billion, according to data reviewed by Bloomberg News. The estimate isn’t final because the office is awaiting additional Navy information to verify the costs of research and military construction.