The United Kingdom will lead a new European initiative to develop advanced long-range precision strike weapons, with around a dozen NATO allies expected to invest more than $50 billion (£37 billion) over the next decade to bolster the alliance's defence and deterrence capabilities.

LONDON: Britain said on Tuesday it would strengthen the army’s long-range capabilities by spending £190 million ($254.22 million) on the Precision Strike Missile (PrSM) program,…

The planned buy is not designed to supplant work with Germany on a Deep Precision Strike weapon, the UK said.