Public Accounts Committee Warns Ministers Of MOD Finances Being “Very Strained”

Posted on January 19, 2018

The programme – two aircraft carriers, F-35 Lightning II jets and a new radar system – leaves the Ministry of Defence “financially exposed,” MPs said. The MoD said that it was committed to keeping costs down. It said in a statement: “This is a crucial investment that will revolutionise our ability to defend our nation as we face intensifying threats.” The approved cost for both carriers is £6.212bn, according to the MoD, which added that the carriers would have an expected service life of up to 50 years and be used for both humanitarian relief and war-fighting, representing “tremendous” value for money.

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