Report: Navy ‘wasted’ more than $1.8B on guided missile cruisers that never deployed again and are now decommissioned

NORFOLK, Va. – For over a decade, the Navy spent $3.7 billion on a poorly planned, inconsistently managed modernization effort that also “wasted $1.84 billion” on four Ticonderoga-class guided missile cruisers that never deployed again, according to a government watchdog report. In a new report published this week, the…

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