The UK Government has announced that the planned Ministry of Defence (MoD) equipment budget has been increased by over £3bn to fund essential military equipment during the spending review period after 2015.

The 1%-a-year increase in the equipment support programme secures the long-term vision for the military, dubbed Future Force 2020.

The extra funding will allow the MoD to place orders for 14 Chinook helicopters, three new Airseeker signals intelligence and surveillance aircraft, and upgraded Warrior armoured vehicles for the British Army over the next decade.

The MoD will also submit a fully funded and balanced ten-year equipment plan by September 2011, which will be reviewed by the National Audit Office for an affordability audit.

The capabilities and expansion of the reserves will be further enhanced with a £1.5bn investment package over the next ten years as per the conclusions revealed in the reserve forces review, known as the ‘Future Reserves 2020 Study’.

UK Defence Secretary Dr Liam Fox said, “This commitment to increase defence equipment funding after 2015 will ensure our armed forces remain a formidable fighting force on the world stage.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.