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Monday, November 04, 2013

Aircraft carriers’ cost to rise to £6.2bn

The Queen Elizabeth class aircraft carrierBritain will this week reveal another substantial increase in the cost of building its two new aircraft carriers, declaring that total funding for the programme will rise by another £800m to £6.2bn.

Philip Hammond, defence secretary, is expected to say that a new set of demands – including the need to build a sophisticated aircraft landing system on the ships – have added to the financial burden of the Royal Navy’s flagship project.

The revised price tag for the 65,000 ton carriers – which will not operate until the end of this decade – will alarm some opposition MPs.

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