MoD annual losses of over £800m criticised as 'utterly indefensible'
This included ditching a plan worth almost £500m to extend the life of the army's Warrior fighting vehicles and the scrapping of HMS Atherstone, a Royal Navy minehunter ship - recorded as a loss of nearly £19m.
Actual cash losses comprised almost £2.5m, which evaporated because of a weak pound against the dollar in relation to the purchase of Hellfire missiles from the US. The MoD also lost more than £300,000 after paying money to the wrong supplier for fossil fuels which could not subsequently be recovered.on HMS Queen Elizabeth, the navy's flagship aircraft carrier, and ditched into the Mediterranean in November 2021. This was listed under the category of"stores losses" as a cost of £84m.This content is provided by, which may be using cookies and other technologies. To show you this content, we need your permission to use cookies.
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