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CEO @ Ajax Defense | Defense Manufacturing & Technology

UK has announced a "generational investment" in defense spending to reach a level of 2.5% of GDP, as well as "radical reform" of its defense procurement system in order to respond to a world at its most dangerous since the Cold War. "Under the new plan, London wants to spend a cumulative extra of £75 billion ($93 billion) over the next six years, culminating in a 2030 annual defense budget of £87 billion ($108 billion), consolidating its position as the largest military spender in Europe, and second for NATO members behind only the US." "In addition to the new funding announced by Sunak, he also revealed that the UK defense industry will be placed on a "war footing," supported by a £10 billion ($12.4 billion) investment in munitions production." #defenseindustry #defense https://lnkd.in/emSEMjp6 

UK pledges 'generational' leap in defense spending, industry to go on 'war footing' - Breaking Defense

UK pledges 'generational' leap in defense spending, industry to go on 'war footing' - Breaking Defense

breakingdefense.com

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