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EU Allocates $1B Under European Defence Fund to Boost Industry

Summary by The Defense Post
The EU allocated $1.02 billion under the 2024 European Defence Fund to bolster Europe’s defense industry and selected successful proposals.

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Launched as early as 1945, the idea of an autonomous European Defense was delayed for 50 years. European Defense would function as an independent level within NATO. The first steps of European Defense took place between 2003 / 2016. The US has been giving signs for years that it will not continue to ensure our security indefinitely. Faced with the return of war on the old continent, the European Union's ability to become a more independent and s…

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Open Access Government broke the news in on Thursday, May 8, 2025.
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