EU Allocates $195M to Boost Missile, Drone, Ammunition Production
- The European Commission has allocated 168.2 million euros ($195 million) to expand Europe’s production capacity for energetic materials, propulsion systems, warheads, and ammunition used in missiles, drones, and artillery.
- Under the Industrial Reinforcement Action pillar of the 1.5-billion-euro ($1.68-billion) European Defence Industry Programme, the funding supports eight projects aimed at strengthening key defense supply chains and reducing reliance on non-European suppliers.
- The projects include efforts in Norway and the Czech Republic to boost missile and drone propulsion, initiatives in F
Unverified
- The European Commission has allocated 168.2 million euros ($195 million) to expand Europe’s production capacity for energetic materials, propulsion systems, warheads, and ammunition used in missiles, drones, and artillery.
- Under the Industrial Reinforcement Action pillar of the 1.5-billion-euro ($1.68-billion) European Defence Industry Programme, the funding supports eight projects aimed at strengthening key defense supply chains and reducing reliance on non-European suppliers.
- The projects include efforts in Norway and the Czech Republic to boost missile and drone propulsion, initiatives in F
Sources: Thedefensepost