The European Commission is investing 910 million euros under the 2024 version of the European Defence Fund “to create a strong and innovative defence industry in Europe.”

As announced today, these investments aim to fill key capability gaps – such as force mobility and drone defence – through innovation and collaboration between European science and industry. Importantly, for the first time, Ukrainian defence industries can be linked to European Defence Fund projects.

“This investment will support 62 selected projects to create a strong and innovative defence industry in Europe, said Commission spokesman Tomas Riniere today. As he stressed, according to the White Paper, “it is necessary to fill key capability gaps through innovation and cooperation between European science and industry.”