Naval and space technology dominate the first three years of the European Defence Fund

28 May 2024 | News

The two sectors received most funding from the defence programme, collecting 22% of the total EU contribution

Photo credits: European Union

The results of the European Defence Fund’s (EDF) 2023 call released last week, saw 54 projects awarded total funding of just above €1 billion. In all, 581 organisations will take part in this third batch of projects, with SMEs receiving 18% of the total funding.

Naval- and space-focused projects have now attracted around €692 million over the course of the scheme’s three years of existence. This amounts to around 22% of the total EU investment in the fund.

Air combat and ground combat follow, while…