Ministry of Defence
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PM announces £1.1 billion investment in capabilities for the armed forces
David Cameron unveils a joint long-term plan between government and industry to secure a thriving defence sector.
The Prime Minister will today announce that, due to difficult long-term decisions that the government has taken and prudent budget management instilled in the MOD since the balancing of the defence budget, an investment of £1.1 billion will be made in capabilities for the armed forces.
This includes an extra £800 million of investment in an Intelligence, Surveillance, Target Acquisition and Reconnaissance package - to extend the range and flexibility of our options, including that of our Special Forces capabilities in responding to the threat of global terrorism and hostage taking, and an investment of £300 million in existing capabilities including a new E-Scan radar for Typhoon and the purchase of Ice Patrol Ship HMS Protector.
