EU countries reach deal on new defence funding programme

EU reaches deal on new defense funding program

The European Union's drive to rearm and modernize its military took a step forward this week with the bloc's 27 member nations agreeing to establish a 1.5-billion-euro ($1.73-billion) defense fund.

EU Proposes Using Unspent Covid Funds for Defense

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.The EU is rushing to get its European Defence Industry Programme, or EDIP, over the line before leaders meet in Brussels at the end of June. The instrument will serve as a vehicle for the bloc’s future defense funding. While seemingly small with just €1.5 billion from the EU budget for 2025-2027, it may grow rapidly. The commission…

EU countries reach deal on new defence funding programme

Some complained that its 'buy European' provisions are too restrictive.

EU ambassadors reach preliminary deal on €1.5B defense spending plan

A group of nations isn’t thrilled about excluding third countries, but agreed not to “stand in the way” of a deal.

SatVu teams with five industry leaders to advance defence and intelligence data in NGA’s Luno A & B programmes

SatVu teams with five industry leaders to advance defence and intelligence data in NGA’s Luno A & B programmes