New US Subs Running $17 Billion Over Budget, Lawmaker Says (1)

Sept. 20, 2024, 4:33 PM UTC

The Navy’s new Virginia-class submarines are projected to run $17 billion over their planned budget through 2030, a problem emblematic of a crisis in the program, the House’s top lawmaker on defense spending disclosed.

“It’s clear that the Navy and shipbuilders have known about this shortfall for at least 18 months” but “Congress was notified just two weeks ago,” Representative Ken Calvert, chairman of the House defense appropriations subcommittee, said in remarks released Thursday before a classified hearing with Navy Secretary Carlos Del Toro.

The program for a new generation of nuclear-powered subs being manufactured by General Dynamics ...



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