The recent financial crisis has led to unprecedented deficits and global debt forcing governments to implement budget constraints of a momentous scale. Given the fact that the armed forces usually account for a substantial amount of government spending, defence has been heavily targeted as an area to make savings, resulting in greater pressure to improve efficiency and reduce costs.

In addition to this, defence forces have been increasingly challenged for a growing number of years with escalating equipment maintenance costs and an ever-increasing variety of complex tasks they are expected to perform. Consequently, this has resulted in a substantially reduced ability to invest in clearly needed assets. This significantly limits the operational capabilities of armed forces to participate in modern and highly challenging peace keeping and warfighting scenarios.

It is clear that new approaches and services which focus on efficiency are desperately needed to counteract the effect of these on-going financial restrictions if we are to ensure the level of excellence we expect from our armed forces.

We are ready to accept this challenge.

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