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€910 Million Boost for European Defense, Includes Ukraine

5/1/2025

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Summary

Story summary

The European Commission is set to invest €910 million in the European Defence Fund for 2024, marking a significant milestone as Ukrainian defense companies join the initiative. This funding targets critical gaps in military mobility and drone defense, promoting a powerful alliance between European and Ukrainian industries to bolster defense innovation and security.

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Story summary

The European Commission is set to invest €910 million in the European Defence Fund for 2024, marking a significant milestone as Ukrainian defense companies join the initiative. This funding targets critical gaps in military mobility and drone defense, promoting a powerful alliance between European and Ukrainian industries to bolster defense innovation and security.