Washington Post – CBO says submarine program will be more expensive than Navy’s estimates

The Navy’s new nuclear-missile submarine could cost, on average, about $1 billion more than the service projects, according to the Congressional Budget Office. Each submarine could cost about $8.2 billion, or almost 14 percent more than the Navy’s estimate of $7.2 billion, the CBO said. The first ship of the class — typically the most expensive — could run as high as $13 billion, or $4 billion over the Navy estimate, the nonpartisan agency said in a report released Tuesday.