Why did the Queen Elizabeth class cost so much for only two carriers?
Short answerDelay and indecision consumed money that a stable, efficient build programme could have turned into more hulls.
NotesThe money spent did not translate cleanly into hull numbers because the programme paid for an extended, disrupted timeline. A steadier build sequence could have produced substantially more carrier capacity for the same broad expenditure. Delay and indecision prevented the programme from using its industrial effort efficiently, beyond the inherent cost of large carriers. Stop-start procurement can consume resources without delivering proportional force structure.