British defense policy makers have taken a risky gamble for the future of the Royal Navy—they have undertaken the most ambitious program of fleet recapitalization for perhaps forty years, at a time when naval defense spending is less than half of what it was in the Cold War era. This gamble will only have paid off if and when current programs complete.
"Great Britain Gambles with the Royal Navy,"
Naval War College Review: Vol. 63
, Article 4.
Available at: http://digital-commons.usnwc.edu/nwc-review/vol63/iss1/4