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UK Looks to Bolster Military Supply Chain Ahead of 2.5% Goal.
- Source :
- Bloomberg.com; 12/2/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- The UK is planning to strengthen its military supply chain and increase defense spending to 2.5% of GDP. Defense Secretary John Healey announced a new Defense Industrial Strategy to enhance domestic production and innovation for the armed forces. The government aims to boost job creation across the UK and improve readiness for potential conflicts and supply chain disruptions. The strategy will also address concerns about China's role in defense advancements and involve major defense contractors in the investment. Prime Minister Keir Starmer's administration is expected to outline specific timelines for reaching the 2.5% spending goal in June, as part of broader efforts to reset policy priorities and enhance national security capabilities. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 181254743