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This bulletin provides figures on the composition and scope of the department鈥檚 expenditure, information on the impact of defence spending on the wider economy, and compares the MOD鈥檚 spending to that of other departments and other countries.

Revisions

A scheduled revision of 2024鈥檚 Trade, Industry and Contracts bulletin was made in March 2025. This provided an update on the latest聽UK Defence and Security Export statistics聽which were unavailable at the time of initial publication.

An update has been provided on the percentage of MOD鈥檚 direct expenditure with UK industry going to Small and Medium-sized Enterprises (SMEs). Data previously presented figures for 2022/23 as the latest year of reference. Updated information for 2023/24 was released in November 2024 as part of聽MOD鈥檚 Regional Expenditure with Industry聽bulletin, and the amendment to this report brings the reporting year referenced across both publications in line with one another for consistency.

In the same revision, the competition and SME status of newly-placed contracts in 2023/24 were also reassessed to address issues on the late reporting of contracts. This update uplifted the total value of all new contracts placed in 2023/24 by 3%. There was a negligible change on the number of contracts placed which fell by less than 1%.

Should you have any comments regarding any of these changes or revisions, please email聽[email protected].