Wednesday, February 27, 2013

The defense equipment and support expenditure is expected to be US$112.06 billion, accounting for 41.63% of the UK’s total defense budget over the forecast period

The UK is one of the largest defense markets across the world. Primarily driven by potential threats from terrorism and peace keeping operations, the country’s defense expenditure is expected to register a CAGR of -0.88% during the forecast period. Despite budget cuts, the share of capital expenditure of the MoD’s total defense budget is expected to increase to 25.60% over the forecast period. The UK’s plans to spend about US$251.86 billion on defense equipment and support over the next decade will present opportunities for domestic and overseas defense companies. The defense equipment and support expenditure is expected to be US$112.06 billion, accounting for 41.63% of the UK’s total defense budget over the forecast period. 
 

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