EU Launches €7.2 Billion Defence Fund to Boost Military Innovation and Cooperation
The European Commission has officially launched the European Defence Fund (EDF) for the period 2021 to 2027, with an estimated budget of €7.2 billion drawn from the EU budget. This fund is designed to advance the European defence industry's innovation capacity and foster cooperation across member states’ armed forces. By supporting research, development, and joint procurement, the EDF seeks to boost the EU's military capabilities and reduce duplication among national defence efforts. The fund targets projects spanning the full defence technology lifecycle, from early research to final development, which can enhance the speed and efficiency of delivering new military technologies.... [Continue Reading]
360LiveNews | 01 Apr 2026 12:21
