RN’s Carrier Programme Faces Major Rise in Costs

The projected cost of the UK Royal Navy’s Queen Elizabeth-class aircraft carrier programme has risen by over GBP1 billion (U.S.$1.6 billion) as a result of the government’s decision to postpone the ships’ in-service dates by up to two years. The cost of the two 65,000-ton carriers–Queen Elizabeth and Prince of Wales–is expected to increase from GBP3.9 billion to about GBP5 billion. In December 2008 the then defence secretary, John Hutton, announced that the in-ser...
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