§ 36. Mr. Jim Cunningham
To ask the Secretary of State for Defence what savings have been identified as a result of the Smart Procurement Initiative. 
§ Dr. Moonie
As part of the Strategic Defence Review we set ourselves a target of saving £2 billion on equipment procurement expenditure over the 10 years to 2007–08 through the introduction of Smart Procurement. We are on track to achieve that target, in that the sum of cost reductions identified and made in successive planning rounds is approaching the £2 billion mark and, as my right hon. Friend the Secretary of State's announcement last month on the Strategic Air Lift and future missile for the Eurofighter aptly demonstrates, we are delivering the programme set out in the Strategic Defence Review.