EU's Next Seven-Year Budget Includes Billions for Defence R&T and Capabilities

The European Commission’s draft budget for the European Union’s next operating period would hoist the EU to among the region’s top four investors in defence research and technology (R&T) alongside France, Germany, and the United Kingdom, with more than EUR4 billion (USD4.7 billion) earmarked for research projects. The spending forms part of the...

The European Commission’s draft budget for the European Union’s next operating period would hoist the EU to among the region’s top four investors in defence research and technology (R&T) alongside France, Germany, and the United Kingdom, with more than EUR4 billion (USD4.7 billion) earmarked for research projects. The spending forms part of the Commission’s proposed multi-annual financial framework (MFF) for 2021–27.

“The governance of those projects [to avoid wasted resources] will be very important,” an EU official told Jane’s on 8 May.

“The proposed amount [for defence R&T] is modest compared to what the member states spend in this area but if we correctly shape all those projects, they could have a real impact on the DTIB [ Europe's defence technology industrial base],” said the official.

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Source: www.janes.com