UK's Cameron announces 1.1 billion pound defense investment

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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