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28 Feb 13. Defence Inventory: Report. The Public Accounts Committee published (28 Feb 13) a Report on: Managing the Defence Inventory. As a member of the Committee observed: “With stock returning from Afghanistan and soon from Germany, the problem is likely to get worse unless the MoD acts now to get rid of the £3,400m stockpile of supplies it has identified as no longer being needed.”.
Comment: Responding to the Report, the Defence Equipment Minister said that he was “determined to reverse decades of lax inventory management to ensure that MoD assets are managed much more efficiently in the future.”. The Report is published as HC 745, for £10:00. (Source: DNA DEFENCE NEWS ANALYSIS, Issue 13/10, 04 Mar 13)
26 Feb 13. Service Complaints Commissioner: Report. The Defence Committee published (26 Feb 13) a Report on The work of the Service Complaints Commissioner for the Armed Forces. The Report recommends that the role of the Service Complaints Commissioner should be changed to one of an Armed Forces Ombudsman, “holding the Services to account for the proper administration of their complaints processes and the delivery of justice….”
Comment: The Report reflects the current affectation for ‘political correctness’. One of the Committee’s more extraordinary observations is the support shown for the MoD recruiting 50 Harassment Investigation Officers (particularly when Service men/women are being made redundant and the Ministry claims to be short of
money). The Report is published as HC 720, for £13:50.
(Source: DNA DEFENCE NEWS ANALYSIS, Issue 13/10, 04 Mar 13)
04 Mar 13. SIPRI: 2013 Yearbook Data. SIPRI has confirmed that the 2013 Yearbook is to be launched on 3 Jun 13.
Comment: As already advised, some data is being published in advance of the Yearbook: Arms transfers on 18 Mar 13 and Military expenditure on 15 Apr 13. (Source: DNA DEFENCE NEWS ANALYSIS, Issue 13/10, 04 Mar 13)
04 Mar 13. Research and Markets announced the addition of the “Future of the UK Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2017” report to their offering. Future of the UK Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2017 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the UK defense industry. The UK is one of the largest defense markets across the world. Primarily driven by potential threats from terrorism and peace keeping operations, the country’s defense expenditure is expected to register a CAGR of -0.88% during the forecast period. Despite budget cuts, the share of capital expenditure of the MoD’s total defense budget is expected to increase to 25.60% over the forecast period. The UK’s plans to spend about US$251.86bn on defense equipment and support over the next decade will present opportunities for domestic and overseas defense companies. The defense equipment and support expenditure is expected to be US$112.06bn, accounting for 41.63% of the UK’s total defense budget over the forecast period. (Source: Yahoo!/BUSINESS WIRE)
27 Feb 13. Army and Air-Force will Record Increased Investments in the Next Five Years. Results from the Global Defense Survey 2013 available on ASDReports. The majority of respondents from the global defense industry identified ‘the economic crisis leading to defense budget cuts globally’ as the most important trend that is likely to affect the global defense industry in the next two years. Survey results show that 71% and 66% of respondents from defense organizations and defense contractor companies identify ‘defense budget pressures’ as the principal factor driving changes in their organization’s business strategies respectively. Respondents from Europe and the Asia-Pacific region highli