Navy Net - Royal Navy Community

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

News story: MOD publishes equipment plan and welcomes NAO report

MoD_RSS

War Hero
An independent audit found the cost of the department’s 11 biggest equipment programmes fell by £397 million in the past year.

The defence equipment plan is an annual update to Parliament on the MOD’s spending plans over the next decade.

The update sets out plans to spend around £163 billion on new equipment and support over the next 10 years.

The document sets out plans to spend around £40 billion on submarines, around £15.4 billion on land equipment such as tanks and armoured vehicles, and around £11.1 billion on helicopter capabilities.

Also today, the National Audit Office (NAO) has published its third assessment of the affordability of the equipment plan, which this year has been merged into one document with the MOD’s Major Projects Report.

Across the sample of projects that are reviewed by the Major Projects Report, this year represents the MOD’s best cost performance since 2005 and the best time performance since at least 2001.


A Royal Navy Merlin helicopter (library image) [Picture: Leading Airman (Photographer) Dave Jenkins, Crown copyright]

Minister for Defence Equipment, Support and Technology Philip Dunne said:


This equipment plan sets out our plans to spend around £163 billion on new equipment and support over the next 10 years.

For the third successive year it is realistic and affordable and provides excellent value for money to the taxpayer across the coming decade as evidenced by our success in securing savings in Equipment Support, which we have been able to factor in to the 10 year plan.

In addition I welcome the NAO report which recognises the progress we are continuing to make.

We have reduced costs by almost £400 million in our major projects and enjoyed our best performance on cost since 2005 and time since 2001.

There is always more we can do, but I am delighted the great strides the department has made have been recognised.

The Government had to take difficult decisions to balance the Defence budget as part of its long term economic plan, and this is what has led to a position where it is now able to invest significantly in equipment.

The NAO report recognises the progress we are continuing to make, including the relative stability of forecast project costs, as well as highlighting areas where we must continue to improve and refine our processes.

In order to ensure we have the flexibility to meet any unexpected costs, the MOD retains a central contingency provision of £4.6 billion over 10 years and around £8 billion of additional headroom in the later years of the decade.

Today’s report builds on Lord Levene’s Defence Reform findings published in December last year which said the right attitudes and behaviours are increasingly in place in the Head Office and the MOD’s management board has already come to be considered among the best in Whitehall.

The report also provided a positive assessment of progress in Defence Equipment and Support where reforms augur well for the future.

Continue reading...
 
Thread starter Similar threads Forum Replies Date
MoD_RSS News story: Billion-pound investment in vital MOD testing sites MoD News 0
MoD_RSS News story: Mastercard and MOD join forces to champion employment of ex service personnel MoD News 0
MoD_RSS News story: MOD awards £160m contract to prepare RAF Lakenheath for US F-35s MoD News 0
MoD_RSS News story: MOD sets out vision to diversify supply base MoD News 0
MoD_RSS News story: Post Office and MOD agree new partnership on veterans employment MoD News 0
MoD_RSS News story: MOD appeal for families of missing or killed soldiers from the Korean War MoD News 0
MoD_RSS News story: DASA funded innovation set to make MOD significant aircraft and fleet support savings MoD News 0
MoD_RSS News story: MOD contribution to international security highlighted in annual report MoD News 0
MoD_RSS News story: MOD launches first ever Defence Domestic Abuse Strategy MoD News 0
MoD_RSS News story: MOD launches biggest ever mental health awareness week with new confidential support for personnel on operations MoD News 0
MoD_RSS News story: MOD confirms death of Lance Corporal George Partridge MoD News 1
MoD_RSS News story: MOD submits final Typhoon proposal to Belgium MoD News 0
MoD_RSS News story: Expression of Interest: MOD Defence People Challenge - Market Interest Day MoD News 0
MoD_RSS News story: Charles Forte appointed new MOD Chief Information Officer MoD News 0
MoD_RSS News story: HRH The Prince of Wales awards MOD Apprentice of the Year 2017 MoD News 0
MoD_RSS News story: New bullet-proof material unveiled as Defence Minister visits MOD’s research hub MoD News 0
MoD_RSS News story: MOD Veterans UK welcomes Prince Harry to Blackpool in a visit marking 25 years... MoD News 0
MoD_RSS News story: History of MOD in space MoD News 0
MoD_RSS News story: MOD and Royal College of Art collaborate on cutting-edge new uniform MoD News 0
MoD_RSS News story: World Class Innovators at the MOD MoD News 0
MoD_RSS News story: MOD launches Defence People Mental Health and Wellbeing Strategy MoD News 0
MoD_RSS News story: MOD signs £14 million contract for lifesaving medical technology MoD News 0
MoD_RSS News story: MOD to attend Who Do You Think You Are live 2017 MoD News 0
MoD_RSS News story: MOD signs £146 million contract to upgrade RAF’s long-range missile MoD News 0
MoD_RSS News story: MOD builds links with SMEs in North East MoD News 0
MoD_RSS News story: MOD partners with industry to promote UK prosperity MoD News 0
MoD_RSS News story: MOD statement following death of soldier in Iraq MoD News 0
MoD_RSS News story: MOD awards £46M to start Challenger 2 Tank life extension project competition MoD News 0
MoD_RSS News story: MOD agrees £1 billion deal for UK test and training sites MoD News 0
MoD_RSS News story: MOD choose The Royal British Legion to lead help for veterans MoD News 0
MoD_RSS News story: MOD awards £100m contract to deliver missile system for Royal Navy’s new Global... MoD News 0
MoD_RSS News story: MOD orders UK-designed mini missile decoy for RAF MoD News 0
MoD_RSS News story: MOD sell off land for thousands of new homes to be built MoD News 0
MoD_RSS News story: MOD signs £184 million contract to secure air-to-air missiles for the F-35 MoD News 0
MoD_RSS News story: New ministerial appointments at the MOD: July 2016 MoD News 0
MoD_RSS News story: MOD set to save over £500M and sustain hundreds of UK jobs with new Typhoon... MoD News 0
MoD_RSS News story: MOD signs new partnering arrangement with Leonardo Helicopters UK MoD News 0
MoD_RSS News story: MOD orders new fleet of cutting-edge Apache helicopters for Army MoD News 0
MoD_RSS News story: MOD seals the deal on nine new Maritime Patrol Aircraft to keep UK safe MoD News 0
MoD_RSS News story: MOD selects nuclear storage site as Submarine Dismantling Project progresses MoD News 0
MoD_RSS News story: MOD drives £100m savings through new fleet management contract MoD News 0
MoD_RSS News story: Showcasing MOD investment in innovation MoD News 0
MoD_RSS News story: MOD announces investment boost for the home of the UK's new cutting-edge aircraft MoD News 0
MoD_RSS News story: MOD drives efficiencies in improved contract for nuclear sites MoD News 0
MoD_RSS News story: Thousands of new homes to be built as MOD releases more sites MoD News 0
MoD_RSS News story: MOD and Royal Mail sign new agreement to keep personnel connected MoD News 0
MoD_RSS News story: MOD rises to the top in National Apprenticeship Week MoD News 0
MoD_RSS News story: MOD smooths the way for companies to do business with Defence MoD News 0
MoD_RSS News story: MOD completes sale of Old War Office MoD News 2
MoD_RSS News story: £1.1 billion investment by MOD in future military flying training MoD News 1
Similar threads


















































Latest Threads

New Posts

Top