Devastating analysis of the Royal Navy's aircraft carrier programme; yes the one where the ships float minus any aircraft (F-35 Lightening). A few things I'd quibble with:http://cimsec.org/21192-2/21192

There was gossip that their building was 100% political as Scottish shipyards were involved and the builder, British Aerospace, had "stitched up" the contract so tight cancellation would be more expensive than building them.