Part of the debate – in the House of Lords at 11:21 am on 25 October 2018.
My Lords, the amber/red rating for the Dreadnought programme in 2016-17 recognised that the programme was unaffordable at that time against the required profile, and that there were significant risks in the design-to-build transition. Since 2016-17, funding has been approved for the second delivery phase, the design has matured and governance has improved. The red rating for the core production capability reflects scope changes and associated delays and cost increases. We have to recognise that this is a very complex programme—probably the most complex engineering programme that any Government have undertaken—hence the caution in those risk ratings.