Britain's spending on long-range and hypersonic weapons will exceed 400 million pounds ($545 million) in the current financial year, the government said, quoted by "Reuters".
It highlighted joint missile development with France, Germany and Italy.
As European countries work to strengthen their defenses against Russia, Defense Secretary John Healey will highlight the key role that long-range precision weapons played in the war in Ukraine and the importance of joint missile programs.
"To deal with "In this new era of growing threats, we need hard power, strong alliances and confident diplomacy," he stressed.
The UK plans to increase defence spending to 2.6% of GDP by 2027 - the highest since the end of the Cold War - with a long-term target of 5% by 2035.
The country notes that separate long-range missile programmes with Germany, France and Italy are progressing.
Healey is expected to hold bilateral meetings with allies at the Munich Security Conference.