Ministry of Defence must end contract failures, say MPs
The Ministry of Defence must prove it has sorted out its equipment-buying programme or continue its "cycle of failure", MPs have warned.
The Commons public accounts committee said procurement delays and overspending had to be addressed.
It urged the MoD to provide its forecast for implementing government money-saving demands by April.
Defence Secretary Liam Fox said the budget had to find a balance matching "resources" with "aspirations".
The BBC's Defence correspondent Jonathan Beale reports.