UK wastes billions on defence projects-govt report | Currencies | Reuters - 0 views
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Energy Net on 19 Oct 09* Equipment programme unsuited to meet likely threats * Report may put future spending plans at risk By Adrian Croft LONDON, Oct 15 (Reuters) - Britain wastes up to 2.2 billion pounds ($3.57 billion) a year because of over-ambitious defence projects getting out of control, a government-commissioned report said on Thursday. The scathing report, by former Ministry of Defence adviser Bernard Gray, found the average defence equipment programme takes five years longer and costs 40 percent more than originally planned.
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Energy Net on 19 Oct 09* Equipment programme unsuited to meet likely threats * Report may put future spending plans at risk By Adrian Croft LONDON, Oct 15 (Reuters) - Britain wastes up to 2.2 billion pounds ($3.57 billion) a year because of over-ambitious defence projects getting out of control, a government-commissioned report said on Thursday. The scathing report, by former Ministry of Defence adviser Bernard Gray, found the average defence equipment programme takes five years longer and costs 40 percent more than originally planned.