Navy's SIOP dry dock costs grew 400 percent, at risk of years-long delays - Breaking Defense

The Navy’s costs for refurbishing its dry docks have nearly quadrupled, pinpointing a cost overrun that several lawmakers have publicly bemoaned but not disclosed, according to a new report by government auditors.

“For example, the Navy’s first three dry dock projects have grown in cost from an estimated $970 million in 2018 to over $5.1 billion in 2022, an increase of more than 400 percent,” according to a new Government Accountability Office report published this week.

Several top Navy officials as well as one from GAO appeared before a Senate panel on Tuesday to testify about the Shipyard Infrastructure Optimization Program. That plan is supposed to revitalize the four public shipyards over 20 years for a bill of $21 billion, but what GAO made clear in its report is that the actual price is likely to be far greater.