Below are excerpts from an article in Time Magazine.
On a damp, gray morning in late February, Navy admirals, U.S. Congress members and top officials of the nation’s biggest shipyard gathered in Norfolk, Va., to watch a computerized torch carve bevels into a slab of steel as thick as your fist.
The occasion: the ceremonial cutting of the first piece of a $15 billion aircraft carrier slated to weigh anchor in 2020. That ship — still unnamed — will follow the just-as-costly Gerald R. Ford, now 20% built and due to set sail in 2015.
Meanwhile, on the other side of the world, China is putting the final touches on a new class of DF-21 missiles expressly designed to sink the Ford and its sister ship as well as their 5,000-person crews. China’s missiles, which will likely cost about $10 million each, could keep the Navy’s carriers so far away from Taiwan that the short-range aircraft they bear would be useless in any conflict over the tiny island’s fate.
Read more: http://www.time.com/time/politics/article/0,8599,2065108,00.html#ixzz1JjrH05A8