Private finance initiative

June 14, 2013 - 1:05pm

British Defence Minister Philip Hammond published the details of his plan to appoint a commercial company to manage the UK’s defense procurement. The controversial proposal has been mooted for more than a year and is Hammond’s response to what is widely perceived to be a long history of under-performance by the 15,000-strong Defence Equipment and Support (DE&S) organization.

October 1, 2010 - 8:38am
The first A330 future strategic tanker aircraft for the UK Royal Air Force ma...

The first Airbus A330 future strategic tanker aircraft (FSTA) for the UK Royal Air Force (RAF) made its first flight after conversion on September 13. Three days later, the British legislature published a report that heavily criticized the $16 billion-plus procurement of the RAF’s new tankers via a private finance initiative (PFI).

 
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