The US Navy wasted almost $2 billion on a failed effort to upgrade its cruisers, a watchdog report found.
AdvertisementThe US Navy wasted nearly $2 billion on a failed effort to overhaul its aging cruiser fleet, a government watchdog investigation found.
After Congress rejected the Navy's 2012 proposal to retire its Ticonderoga-class cruisers, it provided funding for a 15-year ship modernization program.
Since 2015, the Navy has spent roughly $3.7 billion of those funds trying to modernize seven cruisers.
It said in a new report that "the Navy wasted $1.84 billion modernizing four cruisers that have now been divested prior to deploying."
Organizations:
US Navy, refits, Navy, Office