Navy Ford (CVN-78) Class Aircraft Carrier Program: Background and Issues for Congress [December 17, 2015] [open pdf - 6MB]
"CVN-78, CVN-79, and CVN-80 are the first three ships in the Navy's new Gerald R. Ford (CVN-78) class of nuclear-powered aircraft carriers (CVNs). The Navy's proposed FY2016 budget requests procurement or advance procurement (AP) funding for all three ships--a rare occurrence of the Navy requesting procurement or AP funding for three aircraft carriers in a single year. CVN-78 was procured in FY2008. The Navy's proposed FY2016 budget estimates the ship's procurement cost at $12,887.0 million (i.e., about $12.9 billion) in then-year dollars. The ship received advance procurement funding in FY2001-FY2007 and was fully funded in FY2008-FY2011 using congressionally authorized four-year incremental funding. To help cover cost growth on the ship, the ship received an additional $588.1 million in FY2014 and $663.0 million in FY2015 in so-called cost-to-complete procurement funding. As a final planned increment of cost-to-complete procurement funding, the Navy is requesting $123.8 million for the ship in FY2016. The ship is scheduled for delivery to the Navy in March 2016. […] CVN-80 is scheduled to be procured in FY2018. The Navy's proposed FY2016 budget estimates the ship's procurement cost at $13,472.0 million (i.e., about $13.5 billion) in then-year dollars. The Navy plans to request AP funding for the ship in FY2016 and FY2017, and then fully fund the ship in FY2018-FY2023 using congressionally authorized six-year incremental funding. The Navy's proposed FY2016 budget requests $874.7 million in AP funding for the ship."
CRS Report for Congress, RS20643
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html