UK MoD publishes third annual update to defence equipment plan

The UK Ministry of Defence (MoD) has released the third annual update to the defence equipment plan, which sets out its spending plans for the next decade.

The ten-year plan includes spending nearly £163m on new equipment and support services for the armed forces.

Approximately £40bn is likely to be spent on the acquisition of submarines, while £15.4bn and £11.1bn have been allocated for land equipment such as tanks and armoured vehicles, and helicopter capabilities, respectively.

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