McCain on Ford-class carriers: $12B 'simply too expensive'

McCain on Ford-class carriers: $12B 'simply too expensive'

Sen. John McCain took aim at the Ford-class aircraft carrier program Tuesday, telling Navy leaders that Congress should work to "reduce cost and increase competition" in the program.

"Twelve billion dollars or more for one ship is simply too expensive," he said at a hearing to discuss the Navy's 2016 budget request.

Huntington Ingalls Industries is the sole U.S. builder of nuclear-powered aircraft carriers and Virginia's largest industrial employer. Mike Petters, the company's CEO, recently told financial analysts that it plans to invest in its Newport News shipyard, both in infrastructure and construction processes, to boost the efficiency of its...