The Royal Navy will need to make difficult choices if it is to contain the rising costs of acquiring new platforms.
This article reviews the previous literature on the cost escalation of defence equipment and provides estimates for Royal Navy platforms over the past 55 years. David Bangert, Neil Davies and Ryan Watson examine the experience of other European states and previous unsuccessful attempts to address the problem in the UK and other European countries. They conclude that while the problem cannot be ignored, solutions will be painful.
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