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It will be up to a decade before replacement ships and aircraft come into service.
BBC: Queen bids farewell to carrier Ark Royal
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Earlier this year, President Obama promised his French counterpart, Nicholas Sarkozy, that EADS would be allowed to compete for the long-overdue replacement of U.S. aerial refueling aircraft initially bought during the Eisenhower administration.
CENTERFORSECURITYPOLICY: Disastrously 'transforming' defense
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The money will pay for helicopters, cargo aircraft, four new warships and a replacement for the Crusader cannon, which is considered too heavy for modern warfare.
BBC: Senate backs Bush's defence budget
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Downing Street, it seems, wanted some positive headlines out of the SDSR, which was largely an exercise in cutbacks, so it decided to back the idea of Britain getting a "grown up" aircraft carrier, ie one launching conventional aircraft with catapults rather than a very large replacement "Harrier Carrier".
BBC: Why did coalition government change fighter plane plan?
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If past practice is any guide, the application of such a "fly-before-buy" acquisition approach would leave the Marines without an operational aircraft until the year 2005, and delay complete replacement of the CH-46 until 2015.
CENTERFORSECURITYPOLICY: Center for Security Policy | ��Now Hear This��: Will Aspin��s Commitment To V-22 Translate Into Needed Momentum, Real Peace Dividend?
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The company hired replacement workers on Saturday to fill in for the strikers, who belong to the Aircraft Mechanics Fraternal Association (AMFA), unveiling a backup plan it had quietly drafted 18 months ago.
FORBES: Magazine Article