Today, the UK would beat Argentina Hands Down.
If you are a winging crab then you will probably consider otherwise, but
---------------------------------------------------1981--Now
Tomahawk cruise Missile Submarines-------0-----Lots
Airborne Early Warning Helicoters-----------0-----Lots
Apache Longbow Helicopters-----------------0-----Lots
Frigates/Destroyers equiped with-----------0-----Lots
Goalkeeper/Phalanx/Vertical Launch Seawolf
Beyond Visual Range Fighters (SHAR FA2) 0------Lots
Harrier GR7---------------------------------------0------Lots
Aircraft Carriers----------------------------------2------4
Not much light blue there, stick a tomahawk in your precious 'air power' lecture and see how they like it.
Situation will be different once the SHAR goes in 2004, my guess is Tony Bliar is planing a re-election falklands war for that year.
Have Fun