Sunk Costs: New Carriers Commit UK To Buy Escorts & F-35Bs, Says 1st Sea Lord
WASHINGTON: 65,000-ton ships are hard to turn around, and they can drag a lot else in their wake. That’s the $10.4 billion (£6.2 billion) bet the Royal Navy has placed on its controversial program to build two new aircraft carriers. While a third smaller than American nuclear carriers, the ships’ costs have grown so much […]