US Navy Swears Next Carrier Will Stick to $11 Billion Budget

The Navy is just getting started on its new aircraft carrier, a ship it swears it's going to build under budget, despite years of evidence to the contrary. It's the sort of shipbuilding project Mitt Romney plans if he wins the presidency.

The USS John F. Kennedy will be the second Ford-class aircraft carrier in the fleet, a technological improvement on the Nimitz class carriers currently at sea. Last week, the Navy invited defense companies to bid on her design and construction — and warned that it intends to build the Kennedywithin an $11.4 billion budget, for real.

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