As an ex-military type I have severe issues with the muppets in the office... even so much that my boss sent me away for 3 days while we had the defence minister on base when I was in the Falklands, he was worried I might ask some questions...
Problem is they will look at the short term and not the long term and as the boats are due around 2015 depending on if there are any strikes they get the software correct etc... I wouldn't be surprised if they where delayed heavily, well until the next election anyway... but you are right the UK press always want to paint a bad picture no matter what... just to keep people scared as they like to... half the time it freakin annoys me the other half it amuses me...
Thankfully I don't have to see it everyday now as I am no longer a UK Resident...