National Audit Office: The Cost-effective Delivery of an Armoured Vehicle Capability
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In the period since 1998, the Department’s standard acquisition approach 14 has failed to deliver armoured vehicle projects on a consistent basis in line with plans. While the Department has delivered a number of smaller projects worth £407 million, it has spent £718 million on projects that have yet to deliver, some of which have been cancelled or suspended indefinitely. In practice, however, this is a relatively small fraction of the £14 billion the Department intended to spend on the Future Rapid Effect System project alone. The result is that the Armed Forces have not received much of the equipment they expected to have over the last decade.