UK scraps outsourcing of military equipment buying
LONDON (AP) — The British government has scrapped plans to outsource the buying of military equipment due to a lack of bidders for the contract.
Defense Secretary Philip Hammond had sought to privatize the defense ministry’s procurement wing, but it recently emerged that only one bidder was left in the process.
Hammond said Tuesday the plans for privatization were abandoned at a cost of 7.4 million pounds ($12 million) — but that he has not ruled out privatizing military procurement in the future.
He added that he planned to increase private-sector involvement in the defense procurement wing to improve efficiency.