EU announces €500 million for defence projects
On 19 March 2019 the EU announced up to €500 million in funding for defence projects,
including the development of a ‘Eurodrone’. The European Commission, the bloc's
executive, said €100 million was earmarked for
the proposed drone as the bloc seeks to reduce its dependency on US technology.
Brussels is stepping up efforts to rationalise Europe's
spending on new military equipment to make it more cost-effective and reduce
waste.
‘With the EU investments we are launching today, we are
going from ideas to concrete projects, we are strengthening the competitiveness
of our defence industries,’ Industry Commissioner Elzbieta Bienkowska said.
The commission will soon invite proposals for projects in
five priority areas, with over €180 million on
offer for intelligence, secure communications and cyber and €5.7 million for AI-enabled defence technology.
‘Cooperation in defence is the only way to protect and
defend Europeans in an increasingly instable world," commission
Vice-President Jyrki Katainen said. ‘Joint projects are materialising. European
Defence is happening.’
The commission has proposed a budget of €13 billion for defence for the period from 2021
to 2027.
Eurodrone [Germany]