“Wartime economy”: from buzzworld to reality?
Changes in European defence industrial strategies since February 2022
Changes in European defence industrial strategies since February 2022
On March 15, European Commission allocated the EUR 500 million foreseen under the European Union defence industry development regulation on supporting ammunition production.
In a move aimed at bolstering the EU’s defence sector, the leaders have called for rapid progress on the Joint Communication on a European Defence Industrial Strategy (EDIS), a proposal initially put forth by the European Commission on 5 March. Jan Pie, Secretary General of the Aerospace, Security and Defence Industries Association …
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On March 21, the French Navy’s FREMM-class frigate Alsace, operating in the Red Sea, successfully destroyed three ballistic missiles using the Aster 30 interceptors.
Ukraine can look forward to military aid worth billions of euros as it defends itself against Russian aggression.
The production ramp-up for ENFORCER missiles – ENFORCER Production Increase Campaign (EPIC) – has been proposed for funding within the European Commission’s ASAP programme.
The European Commission has granted Nammo Sweden AB approximately EUR 12.2 million in support under the Act in Support for Ammunition Production (ASAP).
The Missile Increased Production Capacity (MIPC) project will significantly increase the production capacity of Kongsberg missiles.
Ukraine Assistance Fund: the Council of the European Union allocates €5 billion under the European Peace Facility to support Ukraine militarily.
Alzchem Group AG has been awarded an investment grant of EUR 34.4 million by the EU Commission as part of the ASAP (“Act in Support of Ammunition Production”) funding instrument.
German armament and chemical firms are set to receive a significant portion of the new EU funding dedicated to boosting European ammunition and missile production capabilities.
The Finnish defence industry has been granted EUR 32.5 million in EU funding for ramping up its ammunition production.