Alzchem Group receives EUR 34.4 million in EU funding
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.
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.
The European Commission allocated the €500 million foreseen under the Act in Support of Ammunition Production (ASAP).
The EU states have agreed to continue their joint funding of military equipment for Ukraine.
The European Commission’s new defence industrial strategy sets out to strengthen the EU’s defence industry through common and local procurements. But it will need both financial and political buy-in to succeed.
The European Defence Agency (EDA) has brought together two EU Member States to develop a satellite demonstrator that can manoeuvre from Low Earth Orbit (LEO) to Very Low Earth Orbit (VLEO).
On March 5, the European Commission presented the European Defence Industrial Strategy (EDIS) and the European Defence Investment Programme (EDIP).
The European Defence Industrial Strategy (EDIS) sets a clear, long-term vision to achieve defence industrial readiness in the European Union.
Greece has become an official member of the European Defence Agency programme arrangement - C-27J Spartan Cooperation.
Speech by President of the European Commission Ursula von der Leyen at the European Parliament Plenary on strengthening European defence in a volatile geopolitical landscape.
On 26-27 February, the eleven consortium members concluded 32-months of work on the CROWN project during the final meeting hosted by Indra.
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