Search This Blog

Friday, February 10, 2012

MoD criticised for £6bn overspend on big defence projects

Scrapped NimrodBritain's 15 biggest defence projects are expected to cost £6bn more than first estimated and will be delayed by a combined total of 26 years, a parliamentary watchdog reports today.

Too often the taxpayer has had to pick up the bill for the Ministry of Defence underestimating the risks involved in procuring complex weapons systems, the Commons public accounts committee (PAC) says.

The committee identifies three large projects bedevilled by long delays and huge overspend. These include the repeatedly delayed Nimrod maritime patrol aircraft, upon which £3.4bn was spent before it was scrapped, to save an estimated £1.9bn in running costs over the next 10 years.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.