RETROSPECT AND PROSPECT: TRENDS IN COST AND THEIR IMPLICATIONS FOR UK AEROSPACE

Philip Pugh

Defence and Peace Economics, 2007, vol. 18, issue 1, 25-37

Abstract: This paper, intended to stimulate debate, suggests that we are at a turning point in the history of the UK military aerospace industry. It argues that there is urgent need for a fresh vision as to how the UK military aerospace industry can both prosper and make its maximum contribution to the defence of Britain. Further, the resulting plans and policies must emphasise the robustness of defence capabilities in a future in which the only thing we can be certain is that it will be very different from the present - especially whenever defence most matters.

Keywords: Cost escalation; Cost growth; UK defence policy; Aerospace industry; Combat aircraft; Helicopters; Demonstrator programmes; Cost forecasting (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (4)

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DOI: 10.1080/10242690600900505

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