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Politico: Brussels unveils plan to boost EU defense industry
Contentiously, the framework would allow tapping new sources of EU money.
BRUSSELS — European Commission industry chief Thierry Breton has urged European defense companies to get into “war economy mode” as he unveiled a new plan to boost weapons manufacturing across the EU.
The Act in Support of Ammunition Production (ASAP) agreed Wednesday by the European Commission will pump some €500 million from the EU budget into European shell factories to boost weapons manufacturing — matched with co-financing of around €500 million from member countries and other sources.
The aim is to produce 1 million rounds of ammunition within one year.
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Brussels Unveils Plan To Boost EU Defense Industry
EU wants to ramp up ammunition production to help Ukraine — AP
EU envoys seal deal on joint ammunition buying for Ukraine — Reuters
EU pledges over $1 billion to refresh its arms factories for Ukraine — Defense News