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Saturday, January 12, 2008

Navy carrier to go ahead, says MoD

The Ministry of Defence has insisted two new Royal Navy aircraft carriers will go ahead as planned.

HMS Prince of Wales

Reports on Friday morning suggested the department was considering delays to the £3.9bn contract to meet Treasury demands for cuts to its budget.

The Financial Times said officials could delay the project by up to 18 months to stagger the cost of the carriers, announced by defence secretary Des Browne last July.

The MoD confirmed there had been a "slight delay" while the joint venture between BAE Systems and VT Group was established as a legal entity.

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