snippets of the slides from the presentation of the report if your interested
http://www.bbc.co.uk/blogs/nickrobinson/2009/08/gray_report_sli.html
as an example
there are significant problems with oversea's equipment as well though, software access for the Sentinel and the F35, as well as the Chinooks, being pushed back in the line of production for the home state benefits, no money made from exports etc.
it is a vital industry and one of Britain leading ones (just like our fledgling space industry). of course they will take you to the cleaners, every other manufacturer does that to the home team
but they do some great kit when they are given a decent requirement that doesnt try to make one piece of equipment do everything at once and expecting it to be the lowest price as well.