Nov. 9 - Susan Ford Bales, daughter of President Ford, christens the brand-new -- expensive -- USS Gerald R. Ford, which is expected to save billions in the future. Gavino Garay reports.
American sparkling wine -- not champagne -- is used to christen the brand-new USS Gerald R. Ford by President Ford's daughter at the Newport News shipyard in Virginia. (SOUNDBITE) SUSAN FORD BALES SAYING: "I christen the United States ship Gerald R. Ford. May God bless this ship and all who sail her." It is the first of a new class of aircraft carriers, and will replace the USS Enterprise, which was inactivated last year. The new class of warship features a redesigned island, electromagnetic catapults, and new weapons. It comes with a hefty price tag, too. It's expected to cost nearly $13 BILLION when it's completed in 2016, nearly a quarter more than its initial estimate. The flipside is that the ship might save nearly $4 billion over its lifespan in maintenance costs. Construction for the ship started in 2005, and in 2007, the carrier formerly known as CVN78 was named the Gerald. R. Ford, after the 38th President of the United States.