The European Commission announced on 19 March how it will spend the remaining balance of EUR525 million (almost USD600 million) from its three-year pilot European Defence Fund (EDF) for co-financing defence capability and research projects with the member states.
Ranging from precision strike capabilities to research into future disruptive technologies, the projects cover 2019-20 and set the scene for the EDF's formal launch in 2021 with a planned budget of EUR13.4 billion until the end of 2027.
"These projects are European priorities and not national ones," Elżbieta Bieńkowska, commissioner for industry policy and the internal market, told reporters when unveiling the pilot's final work programme with her Commission colleague, Jyrki Katainen, responsible for growth and investment policy.
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