The CBO said the first of those ships would cost $23.4 billion, with subsequent ones at $18 billion. Newer versions of the Ford class are expected to cost around $22 billion, the CBO report says. America’s shipyards might not be able to handle the work, the CBO report says. In 2025, then-Navy Secretary John Phelan told Congress the best Navy shipbuilding program was six months behind schedule and 57% over budget. “Even shipyards that already build Navy ships would face challenges in designing and building the first ship of a new class.