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Business/Financial

U.K. Announces $18 Billion Increase Defense Spending Through 2020

Monday, November 23rd, 2015

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U.K. Announces $18 Billion Increase Defense Spending Through 2020

Navy P-8A Poseidon maritime surveillance aircraft. (Photo. U.S. Navy)

The United Kingdom on Monday announced plans to spend nearly $270 billion on military modernization and procurement over the next five years, including expansion of its navy and air force with new ships and aircraft creation of new infantry units and a doubling of investment in its special forces.Within the 98-page National Security Strategy and Strategic Security Review (SDSR) released Monday is the purchase of new maritime surveillance aircraft, speeding up participation in the F-35 Joint Strike Fighter program and…

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