Economic Woes Bring TCLM to the Fore in Defence Procurement
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With the latest economic forecasts from the European commission putting the UK's budget deficit for this calendar year at 12 percent of gross domestic product—the highest of all 27 EU nations—questions are inevitably being raised about the funding available for defence procurement.
In recent years the emphasis of military spending has moved to developing capability and ensuring it is available, according to BAE Systems. The company partners with the UK's Ministry of Defence (MoD...
