European Commission's Strategic Investment

The European Commission has taken a significant step forward by announcing a €910 million investment under the 2024 European Defence Fund (EDF). This initiative aims to modernize Europe's defense industry and bridge critical capability gaps, ensuring the continent's security and technological advancement.

Innovative Projects and International Collaboration

This year's funding will support a variety of cutting-edge projects, including AI-driven drones and stealth technologies. Notably, it marks the first inclusion of Ukrainian defense industries in EDF collaborations, highlighting the EU's commitment to supporting Ukraine amidst ongoing conflicts.

A Stronger Defense for Europe

With a total budget of €7.3 billion through 2027, the EDF stands as the EU's flagship program for defense research and development. The 2024 round attracted 299 proposals from 25 member states and Norway, with over 27% of the funds allocated to SMEs, showcasing the EU's dedication to fostering innovation across the board.

Commissioner Andrius Kubilius emphasized, "These proposals are pivotal in developing air and missile defense systems and unmanned aerial vehicles, equipping European armed forces to counter emerging threats and safeguard our citizens and allies like Ukraine."