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EU set to launch €7.9B defence R&D programme after Council and Parliament agree budget

15 Dec 2020   |   News EU set to launch €7.9B defence R&D programme after Council and Parliament agree budget The money will make the EU third biggest investor in defence research in Europe and give it firepower to reduce the longstanding reliance on US military technology MEPs and the German presidency of the EU Council reached agreement on a new defence R&D programme worth €7.9 billion on Monday, giving the EU more firepower to reduce a longstanding reliance on US military technology. As of next year, the fund will place the EU among the top three defence research and technology investors in Europe, with the European Commission starting implementation of the programme in January 2021.

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