MoD refuses to provide F-35 cost estimate

Work on the F-35, by a consortium led by the US-based Lockheed Martin, began in 1996 and was scheduled for completion in 2012 but has been beset by problems. The US estimate of the total cost of the programme jumped from £174bn in 2001 to £283bn this year. The MoD has so far refused to provide … Continue reading MoD refuses to provide F-35 cost estimate

Approaching the $2 trillion redline

During the 1980s, the Cold War and the global nuclear arms race propelled total military spending in the world higher than ever before. After the fall of the Soviet Union, the idea of the "peace dividend" got hold and for a short while, it did indeed look like that was where the world was going … Continue reading Approaching the $2 trillion redline