PoliticsWar The European Commission has approved €300M in financing for five defense projects. Friday, November 15, 2024

The European Commission approved funding for five defense projects, each of which will receive €60M. Most of the projects also include purchasing defense products for Ukraine, particularly air defense and missile defense systems and ammunition. Joint purchases are expected to strengthen defense readiness in EU countries.

EU members will jointly purchase critical defense products in three areas for the first time. These are anti-aircraft and anti-missile defense, modern armored vehicles, and ammunition. Two projects will strengthen air defenses – Mistral and Jamie. The Edirpa project will support the purchase of armor, and the other two projects will support the purchase of ammunition. Different countries will participate in each project, with four to nine states in each. In total, 20 of the 27 EU members will participate.

In addition to the selected projects, other promising proposals were submitted. They have been added to a reserve list, identifying them as possibilities for future funding.