The Royal Navy recorded an £8.332 million constructive loss after terminating a programme to replace thermal imaging cameras and laser range finders, with the funding redirected to other projects across the service.
The figure appeared in the Ministry of Defence annual report and accounts for 2025-26 and was raised in a written parliamentary question by Conservative MP Ben Obese-Jecty. He asked for further information on the £8.332 million constructive loss associated with termination of the Thermal Imaging camera and Laser Range Finder replacement programme.
Defence Readiness and Industry Minister Luke Pollard said the decision formed part of the Navy’s continuing review of its spending priorities.
He said: “The Royal Navy continues to review all its programmes and to allocate funding appropriately based on operational requirements and value for money.”
Pollard confirmed that money associated with the programme had instead been directed elsewhere in the service. He said: “Funding for some initiatives, such as the Thermal Imaging camera and Laser Range Finder replacement programme, has been repurposed to prioritise other projects across the service.”
The termination resulted in the £8.332 million figure being recorded in the department’s accounts as a constructive loss.
