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National Audit Office report - Red Dragon.

Europe Intelligence Wire

| March 27, 2009 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Government News Network)

] MINISTRY OF DEFENCE PN 2009/65 27 March 2009 National Audit Office report - Red Dragon

The National Audit Office today published its report into Red Dragon, a joint project by the MoD and Welsh Assembly to develop part of the St Athan site near Cardiff into an aerospace business park. The report acknowledges that, while the Red Dragon project did not deliver the anticipated savings, the MoD has saved more than GBP1.4 billion through a restructure of fast-jet aircraft repair that led to Red Dragon's early closure.

Defence Minister, Quentin Davis said:

"It is vital that we get the most from defence …

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