British Prime Minister David Cameron announces 1.1 billion pounds in military spending focused on Britain's ability to respond to threats such as global terrorism. Rough Cut (no reporter narration).
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STORY: British Prime Minister David Cameron announced 1.1 billion pounds ($1.87 billion) in military spending on Monday (July 14) aimed at bolstering the country's Special Forces and improving the radar on its Typhoon fighter jets.
The spending will include 800 million pounds in investment in "Intelligence, Surveillance, Target Acquisition and Reconnaissance", the prime minister's office said in a statement.
A further 300 million pounds will be spent on new E-Scan radar for the Typhoon fighter jet and the purchase of Ice Patrol Ship HMS Protector.
Speaking at the Farnborough International Airshow, Cameron said the spending would target threats such as global terrorism.
"We're able to announce today an extra billion pounds of spending to help keep our country safe. Things like surveillance aircraft, special forces things that can help stop terrorism at source before it reaches our country."
Cameron also set out plans to boost Britain's defense industry, which employs more than 160,000 people and generated 9.8 billion pounds in exports in 2013.
This included 4 million pounds for a maritime intelligence-focused center in Portsmouth where scientists, engineers and naval specialists will work together to develop technology for use in autonomous unmanned boats and submarines.