UK Ministry of Defence, Following today's meeting with French Defence Minister, Madame Michele Alliot-Marie, Defence Secretary John Reid said:
“We have taken a very significant step forward on the future carrier project in agreeing how the UK will proceed on cooperation with France.
“The carrier project will ultimately provide the UK Armed Forces with the largest and most powerful warships ever constructed in the UK. It is a vital project for France, the UK and for Europe and shows our joint commitment and leading role in Defence and Security.
“We have agreed that France will pay one third of the demonstration phase costs of the common base line design.
“We have also agreed on staged payments to be made by France in recognition of the investment the UK has already made in the design. This will comprise
China says holds first dual aircraft carrier drills in South China Sea
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