Nov 22, 2024
EU boosts defence readiness with first ever financial support for common defence public procurement
The European Commission has approved funding for five cross-border projects to support more coordinated and efficient defence procurement among EU Member States. Implemented under the European Defence Industry Reinforcement through Common Procurement instrument (EDIRPA), each of the 5 selected projects will receive €60 million, representing a total amount of €300 million funding. Bringing greater…