Sir Michael Fallon, MP, UK Secretary of State for Defence, says the UK defense budget is “growing” and will stay on the rise for the rest of this Parliament’s term, but that the British military must still chase efficiency to make modernization possible during Part 1 of a Sept. 13, 2017, interview at the 2017 Defence and Security Equipment International conference and trade show in London. Defense & Aerospace Report’s coverage is in partnership with DSEI and Clarion Events.