A government report released on Wednesday states that a new class of battleships intended to anchor US President Donald Trump's 'Golden Fleet' is expected to cost around $275 billion.

The plan aims to build a fleet consisting of 15 battleships. These vessels are intended to be nuclear-powered, according to the report.

$23.4 billion

Projected construction cost for the U.S.S. Defiant, the first of the 15 ships.

The first vessel in the fleet, the U.S.S. Defiant, is projected to cost approximately $23.4 billion to construct.