F.P. Report
BRUSSELS: The European Commission on Friday announced the allocation of 500 million euros (about 544 million US dollars) to boost ammunition production as part of its support for the European defense industry.
In a statement, the commission said this would allow the European defense industry to increase its ammunition production to two million shells a year by the end of 2025. Its annual production capacity for 155 mm shells reached 1 million per year in January.
To assist the European industry in increasing its ammunition production and readiness, the commission said it selected 31 projects in five areas: explosives, powder, shells, missiles and testing and reconditioning certification.
Also on Friday, the commission launched the work program for the instrument to reinforce the European defense industry through common procurement and the fourth annual work program of the European Defence Fund. These programs, aimed at reinforcing the European defense technological and industrial base, have a total budget of almost 2 billion euros.
(1 euro = 1.09 US dollar). (APP)
(AA) US producer inflation in April rose 2.2% annually and 0.5% on a monthly basis,…
BEIJING (AA): In a potential trigger for a new trade war with Beijing, the Biden…
NEW YORK (AA): Oil prices declined on Tuesday amid a strong US dollar index and…
LONDON (Reuters) : Patients taking Novo Nordisk's Wegovy obesity treatment maintained an average of 10%…
ISTANBUL (IHA) : In discussions surrounding the post-operative journey following obesity surgery, insights from general…
SAN FRANCISCO (Reuters): Alphabet is expected to announce on Tuesday how it is building on…
This website uses cookies.