In recent years, the European Union (EU) has substantially increased its funding for the research and development of new weapon systems and military technologies by European defence companies. In this regard, in April 2021 the European Parliament approved a European Defence Fund (EDF) worth EUR 7.9 billion over seven years (2021-2027).1 The Fund will finance collaborative defence research and development projects involving at least three companies from three Member States.
This #5MinuteRead addresses the question of whether the EDF could be used to fund the development of so-called controversial weapons. In addition, it presents V.E’s data on military sales and capabilities of listed European companies to assess the potential implications of the EDF for Europe’s defence industry.
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