Tag Archives: FFG-62

CBO Says Navy Underestimated Cost of First Frigate by 40 Percent

CBO Says Navy Underestimated Cost of First Frigate by 40 Percent

Italian FREMM, the basis for the FFG-62 program. Fincantieri Marine Group Image

This story was updated to include a statement from a spokesman for Navy acquisition chief James Geurts.

The lead ship in the Navy’s next-generation frigate class could cost $1.6 billion, a figure that is 40 percent above the service’s projections for the first-in-class vessel, according to the Congressional Budget Office.
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