The Defence Committee held an evidence session on defence acquisition on 15 May 2012.
The lead witness was the minister for defence equipment, Peter Luff.
Mr Luff spoke alongside senior officials and service personnel, including Chief of Defence Materiel Bernard Gray and Air Marshal Steve Hillier, deputy chief of defence staff, Ministry of Defence.
Mr Luff confirmed that the government expects to make no further cuts to the Ministry of Defence (MoD) budget.
Pressed on the matter by Labour MP Thomas Docherty, he said: "The simple answer to your questions is, yes.
"We believe that the combination of the reductions in capability that we've already made, the new contingency sum, the headroom figure and the 1% uplift do give us confidence that we will not need to make any further reductions in the capability of cuts."
The announcement was made by the defence secretary, Philip Hammond, in the Commons the day before.
He said the MoD has balanced its budget for the first time in a decade; the £38bn deficit eliminated as a result of the government's savings, including redundancies and procurement changes.
Mr Hammond said this presented "challenges to confidence and morale" but the "black hole" in finances had to be addressed.
He added that forces would be well equipped, but Labour accused the government of being "reckless".
Much of the impact of the cuts announced in the 2010 Strategic Defence and Security Review is still to make itself felt.