UK government to invest £178 billion in defence procurement
The UK government will invest £178 billion in defence procurement over the next ten years – an additional £12 billion on top of the original defence budget.
This procurement plan includes a partnership with Boeing to supply nine new P8 maritime patrol aircrafts and two squadrons of Typhoon aircrafts, as well as the creation of two new strike brigades.
The decision to increase spend is thought to be in reaction to increased global threats over the past five years. The rise of ISIL, the crisis in Ukraine, cyber-attacks and the risk of pandemics are among the main reasons for the British government’s decision to launch this defence procurement process.
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