EU fund common defence procurement for the first time

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In November 2024, the European Union allocated €300 million ($315.3 million) to fund five defense projects under the European Defence Industry Reinforcement through Common Procurement Act (EDIRPA). These projects include the Mistral and IRIS-T air defense systems, the Finnish-led Common Armoured Vehicle System (CAVS), and 155mm ammunition procurement. The initiative aims to strengthen regional defense industries, expand manufacturing capacities, and provide long-term governmental support. Germany’s Vice Admiral Carsten Stawitzki welcomed the move as progress toward a “self-determined European security architecture.” This funding reflects the EU’s commitment to enhancing collective defense capabilities.

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