Inflation
Want to get a first-hand look at the ever soaring cost of military hardware?
Smoke rises from a dry dock as fire crews respond Wednesday, May 23, 2012 to a fire on the USS Miami SSN 755 submarine at the Portsmouth Naval Shipyard on an island in Kittery.
http://www.kjonline.com/news/USS-Miami-will-cost-about-400-million-to-repair.html
By Edward D. Murphy emurphy@mainetoday.com
Staff Writer
Yesterday at 11:50 AM
It will cost about $400 million to repair damage to the USS Miami, an attack submarine that caught fire while at the Portsmouth Naval Shipyard in Kittery on May 23, Rep. Chellie Pingree, D-Maine, said.
Pingree said $400 million – nearly half of the $900 million it cost to build the Miami – is a preliminary estimate from Navy officials. She toured the sub yesterday.
Navy officials have said they want to repair the Miami and keep it in service because the size of the fleet has been decreasing.
Navy officials have not yet said what caused the fire, which burned for hours and required help from a score of local fire companies to extinguish. The fire damaged the sub's control room, the torpedo room and crew quarters in the front of the ship. The sub was in Kittery for what was scheduled to be a 20-month overhaul.
unhappycamper comment: Want to know why the DoD is going to spend $400 million dollars to fix this 24 year-old boat?
Answer: It's replacement, a new Virgina-class sub costs somewhere between $5 and $7 billion dollars.
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