The NAO said the MoD's multi-year spending settlement gave it a good opportunity to reset the Equipment Plan. (Photo: UK MoD/ Crown Copyright)
The MoD has released its 2021-2031 ten-year Equipment Plan, the first to be deemed affordable in many years; even so, the National Audit Office (NAO) warned once again of risks to affordability.
According to the Equipment Plan, the MoD plans to spend £238 billion (about $323 billion) throughout 2021-2031, a record £48 billion increase from the £190 billion previously detailed in the 2020-2030 Equipment Plan.
By April 2021, the MoD assessed the Equipment Plan to have £4.3 billion worth of headroom over the next decade compared to a £7.3 billion black hole in the previous year’s plan.
Commenting on the report, the
Already have an account? Log in
Get access to this article with a Free Basic Account
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
For all the bombastic talk from Russian President about the hitting power of the new RS-28 Sarmat 'super heavy' ICBM, observers are highly sceptical that it will enter service in 2023 as claimed.
Rheinmetall is setting up a JV with Hungarian partners to drive armed forces digitalisation in Hungary.
Even though the US has a powerful arsenal and an extensive defence budget, it has been unable to prevent the actions of Russian President Vladimir Putin and has failed to deter China’s growing territorial and maritime ambitions.
A new partnership between Jankel and IDES is intended to exploit Australian market opportunities such as SOF capability modernisation under Project Greyfin (Land 1508).
Leidos Australia will oversee a new system to maintain medical data for ADF personnel.
Political, diplomatic and military discussions — undertaken since the Russian invasion of Ukraine began — will result in Finland becoming a member of NATO with broad popular support.
Connect with us on socials
