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The U.K. government recently committed to spending approximately $4.5 billion to fund vital future military equipment over the current planned budget, Ministry of Defence officials said.
The funding increase of 1 percent a year in real terms would fund the Future Force 2020 plan beyond 2014. The increase in funds means Defence Secretary Liam Fox could order significant equipment over the next decade, the Ministry of Defence said in a statement.
New equipment orders would include 14 extra Chinook helicopters from 2014 on. Chinooks are produced by Boeing [BA].
The funds will allow the Queen Elizabeth aircraft carrier to convert to be equipped with …