• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 22nd, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Britain's Prime Minister Keir Starmer welcomes NATO Secretary General Mark Rutte to 10 Downing Street in London, Monday, June 29, 2026. Alberto Pezzali/Pool via
Britain's Prime Minister Keir Starmer welcomes NATO Secretary General Mark Rutte to 10 Downing Street in London, Monday, June 29, 2026. Alberto Pezzali/Pool via
Home
Business
Aerospace & Defense

UK spends $254 million on long-range Precision Strike Missile programme

July 7th, 2026 | 14:10 PM BUSINESS Aerospace & Defense 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Finland summons Russian ambassador over suspected airspace violation
Ukraine's ousted defence minister plans US trip to raise project funding
Trump wants a new meeting with Kim Jong Un. North Korea says not so fast
Norway boosts defence footprint with expansion of Arctic brigade
By Reuters

Britain said on Tuesday it would strengthen the Army's long-range capabilities ​by spending £190 million ($254.22 million) on the Precision Strike ‌Missile (PrSM) programme, buying a weapon which can neutralise targets up to 500 kilometres away.

The country's outgoing Prime Minister Keir ​Starmer is at the NATO summit in Ankara on ​Tuesday, where he wants to convince U.S. ⁠President Donald Trump and other countries in the ​western military alliance that UK defence spending is heading in ​the right direction.

The PrSM procurement will strengthen Britain's contribution to NATO deterrence, Britain's Ministry of Defence said in a statement, adding that ​the first deliveries could be received in 2027.

The ​acquisition was funded by Britain's Defence Investment Plan which has been criticised ‌for ⁠not plotting a route to spending 3.5% of GDP on core defence, a NATO target set last year after Trump said Europe should spend more on defending ​themselves.

The next-generation supersonic ​ballistic missiles ⁠are built by Lockheed Martin (LMT.N) and the programme is a collaboration between the ​U.S. and Australia. Britain said it could ​join ⁠work to further develop the missile in future.

Britain remains committed to other weapons projects with European partners ⁠such as ​Deep Precision Strike and European ​Long Range Strike Approach, the statement said.

($1 = 0.7474 pounds)

  • Topic
  • NATO
  • BRITAIN (UPDATE 1)
  • SUMMIT/DEFENCE
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Finland summons Russian ambassador over suspected airspace violation

Related Posts

Aerospace & Defense
August 21st, 2026

Finland summons Russian ambassador over suspected airspace violation

Aerospace & Defense
August 21st, 2026

Ukraine's ousted defence minister plans US trip to raise project funding

Aerospace & Defense
August 21st, 2026

Trump wants a new meeting with Kim Jong Un. North Korea says not so fast

Aerospace & Defense
August 20th, 2026

Norway boosts defence footprint with expansion of Arctic brigade

Aerospace & Defense
August 20th, 2026

Latvia says drone in its airspace on August 14 was Ukrainian

Aerospace & Defense
August 20th, 2026

Serbia turns to Russia to help fight wildfires

The Wire
Aug 21st 1 day ago
Government

Trump administration moves to end attorney group's law scho...

Aug 21st 1 day ago
Africa

First migrants buried in Spain's Ceuta after deadly border ...

Aug 21st 1 day ago
Americas

Lula, Trump discuss tariffs in phone call, Brazil says

Aug 21st 1 day ago
World

US plans $725 million payment towards its large UN debt

Aug 21st 1 day ago
Middle East

NATO members discuss Strait of Hormuz options without allia...

TRENDING ON FINANCETIME
Aug 21st, 2026 Americas

Mexican governor accused by US of cartel ties returns to office

Aug 21st, 2026 Middle East

Turkey to seek Interpol notice for Netanyahu in Gaza flotilla case

Aug 21st, 2026 Litigation

Explainer: Why is Trump talking about the Keystone XL oil pipeline?

Aug 21st, 2026 Wealth

Guggenheim fund hits 17-year low after short-seller claims

Aug 21st, 2026 Wealth

Ken Griffin's Citadel sheds over $4 billion of Situational Awareness' bets


  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT