EIB triples funding to €3 billion for defence industry SMEs, signs first deal with Deutsche Bank
The European Investment Bank (EIB) has tripled its intermediated financing for Europe’s defence industry supply chain from €1 billion to €3 billion.
EDF grants €10.09 million to VANTAGE project for next-generation long-range tactical UAV development
A European consortium led by Latvijas Mobilais Telefons (LMT) has secured up to €10.09 million from the European Defence Fund (EDF) to develop an advanced long-range unmanned aerial vehicle (UAV) system.
European Union adopts €150 billion SAFE instrument for joint defence procurement
The Council of the European Union has officially adopted the Security Action for Europe (SAFE), a new €150 billion financial instrument.
European Commission and EIF announce €40 million investment in defence tech fund by Keen Venture Partners
The European Commission and the European Investment Fund (EIF) have announced a €40 million investment in Keen Venture Partners' European Defence and Security Tech Fund.
Switzerland joins EU PESCO project “Cyber Ranges Federation” to enhance cyber defence training
Switzerland will participate in the European Union’s Permanent Structured Cooperation (PESCO) project “Cyber Ranges Federation” (CRF), following approval by the EU Council on 20 May 2025.
EU imposes sanctions on Russian military entities over use of chemical weapons in Ukraine
The Council of the European Union has imposed new restrictive measures on three Russian military entities involved in the use and development of chemical weapons.
Industry welcomes EU–UK security and defence partnership, calls for swift action
The EU and United Kingdom have agreed on a Security and Defence Partnership following the EU–UK Leaders Summit held in London on 19 May.
EU and Ukraine hold first meeting on defence industrial cooperation
On May 12, the European Union and Ukraine held the inaugural meeting of the EU–Ukraine Task Force on Defence Industrial Cooperation.
Denmark to allocate more than 800 million EUR to Ukraine on behalf of the EU in 2025
In 2025, Denmark will be responsible for disbursing approximately 830 million euros for donations procured in the Ukrainian defence industry on behalf of the EU.
European Commission invests EUR 910 million to enhance defence capabilities and strengthen industry collaboration
The European Commission has announced a €910 million investment under the 2024 edition of the European Defence Fund (EDF) to bolster Europe’s defence industry.
Honeywell awarded European Defence Fund grants for avionics and cybersecurity projects
Honeywell has secured two research grants to lead projects aimed at advancing avionics and cybersecurity capabilities for the European defence sector.
EU approves additional EUR 15 million support for North Macedonia’s army under European Peace Facility
The Council of the European Union has adopted a €15 million assistance measure under the European Peace Facility (EPF) to support the Army of the Republic of North Macedonia.