The Council of the European Union and the European Parliament have reached a provisional agreement on the Act in Support of Ammunition Production (ASAP). The regulation will mobilise EUR 500 million from the EU budget to support the ramp-up of the manufacturing capacities for the production of ammunition and missiles. The provisional agreement must now be endorsed by the Council and the Parliament.

European defence industry is waiting for swift finalisation of the legislative process of ASAP

EU, Important / By

The European defence industry stands ready to play its role as the producer of state-of-the-art defence equipment for our and our allies’ armed forces,” says Jan Pie, Secretary General of ASD Europe.