LONDON — British financial watchdog the National Audit Office (NAO) is warning that the Defense Ministry could face a far larger multibillion pound procurement hole than currently anticipated, if funding assumptions prove incorrect. According to the NAO findings: “Two thirds of the gross cost increases reported in the Major Projects Report 2009 reflect deliberate decisions to slip projects, taken corporately by the department (Defense Ministry) as part of a wider package designed to ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "U.K. Auditors Warn Of Shortsighted Defense Procurement Strategy".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.