Cost of new Ohio-class subs being pared down to goal of $4.9 billion each

Lee Hudson, Inside Defense, Jan 23

The Navy slashed $360 million from the original $5.6 billion cost estimate for each Ohio-class replacement ballistic missile submarine, which is over half the amount needed to achieve a $4.9 billion cost target that was set in 2011 by the Pentagon, according to a top official.
Rear Adm. David Johnson, program executive officer for submarines, said Jan. 15 during a presentation at the Surface Navy Association's annual symposium in Arlington, VA, the service recently completed a 2014 cost estimate that revealed ships two through 12 will be $5.2 billion each in 2010 dollars.
In January 2011, the cost estimate for the next-generation ballistic missile submarines two through 12 was $5.6 billion in 2010 dollars per copy.
"I'm confident we'll get to the $4.9 billion number that we have, we just have to keep working at it and we'll need the help of Congress with multiyear authorities in how we'll actually fund the ships," Johnson said.