Home News A hundred million dollar injection for the European defense industry. The European Commission will support the production of ammunition

A hundred million dollar injection for the European defense industry. The European Commission will support the production of ammunition

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A hundred million dollar injection for the European defense industry.  The European Commission will support the production of ammunition

The European Commission announced on Friday that it has allocated 500 million euros under the law to support the production of ammunition. It will enable the European defense industry to increase the capacity for the production of ammunition to two million pieces per year by the end of 2025, informs the TASR reporter.

At the same time, the European Commission launched the work program for the instrument to strengthen the European defense industry through joint procurement and the fourth annual work program of the European Defense Fund. Together, they have a budget of almost two billion euros, and the executive of the European Union has selected 31 projects to help European industry in increasing ammunition production.

Grants for defense industry

They cover five areas: explosives, gunpowder, ammunition casings, guided missiles and ammunition testing and recovery certification.

They will receive €513 million from the Union and Norwegian budgets, which will stimulate additional private investment to a total of €1.4 billion. The companies and their supply chains are located throughout the European Union; grant agreements with selected applicants will be signed in May 2024.

By adopting the EDIRPA work program and launching calls for proposals, the Eurocommission motivates member states to buy defense products together.

Joint procurement

With a budget of 310 million euros, EDIRPA will support joint procurement in three areas: ammunition (small arms, artillery ammunition, mortars, missiles), air and missile defense and platforms replacing the original defense systems (tanks, armored vehicles, support systems, drones). The deadline for submitting proposals is July 25, 2024.

The fourth annual EDF work program was adopted by the European Commission to ensure that Europe remains at the forefront of defense technology and innovation. It launched calls for proposals and allocated €1.1 billion, including €225 million to support defense innovation and startups, through dedicated measures under the European Union’s Defense Innovation Programme.

EDF’s work program for 2024, which covers 32 themes, will fund projects in key areas of defence, including the fight against hypersonic missiles, the development of a series of unmanned vehicles in the air and on the ground, and ensuring secure space communications. The program also paves the way for next-generation defense systems such as helicopters and medium-sized cargo planes.

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