January 15 2015
The U.K. Ministry of Defense has published its third annual update to its defense equipment plan.
The plan is the MoD message to Parliament on spending expected over the next decade.
The latest document outlines plans to spend around 163 billion pounds (US$247 billion) on new equipment and support over the next 10 years.
According to the ministry release on Tuesday, about 40 billion pounds (US$60.6 billion) will be spent on submarines; 15.4 billion pounds (US$23.3 billion)...
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