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Thursday, August 26, 2010

U.K Defence companies concerned over Trident replacement

Defence manufacturers have asked David Cameron to clear up confusion over how the replacement for Britain's nuclear deterrent will be funded.
The chairman of the industry body ADS, Ian Godden, said uncertainty over the Trident missile system was unsettling both investors and the UK's allies.
There are concerns as to what way the successor to Trident would impact on wider defence spending.
Trident is due to be replaced in the 2020s at an estimated cost of £20bn.

BBC defence correspondent Caroline Wyatt said the Conservatives' commitment to a like-for-like replacement has not been shared by the Liberal Democrats, who promised in their manifesto to seek a cheaper alternative.
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The letter sent to David Cameron is a clear sign of just how worried manufacturers are about the potential impact of making the Ministry of Defence bear the full costs of the Trident replacement, our correspondent added.

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