UK unveils 10-Year, $270 billion defense spending

The British Ministry of Defence has announced that it plans to invest 238 billion euros ($270 billion) in state-of-the-art military equipment and necessary support services from 2021 to 2031.

A recently published defense equipment plan revealed that the British Army would receive 41.3 billion euros ($46.8 billion) in new equipment over the next 10 years. This includes several large projects still in development and may incorporate further changes.

The multibillion-dollar budget allocation will be used to improve the service by investing in major initiatives such as upgrading combat vehicles and strengthening ground-based air defenses.

The ministry will also purchase AH-64 Apache attack helicopters and bolster intelligence, surveillance, and reconnaissance.

The British Navy will receive 38.1 billion euros ($43.2 billion) to improve the naval fleet. The budget is eight billion euros ($9 billion) higher than the original budget allotted for the service.

“We have entered a new ‘competitive age’ of resurgent authoritarian states and diversifying threats,” UK Secretary of State for Defence Ben Wallace explained. “As the threat changes, we must adapt, remaining clear-eyed about what capabilities we need, retire those that are less relevant, and invest in areas that will give us a strategic advantage.”