The European Union’s state-owned development bank and the organization’s defense agency on Thursday updated an agreement to bolster the region’s defense industry. With the new memorandum of ...

EU defense expenditure was projected to have reached €326 billion, or $361 billion, in 2024 (1.9% of GDP), a 30% increase since 2021. Almost a third (31%) now flows to defense investments ...

Spending hit 240 billion euros last year, itself a record and an overall increase of 6% over 2021, as the EU's 27 member states ratcheted up their purchases of new hardware. The European Defense ...

At the European Defense Agency’s annual conference in November 2023, President of the European Commission Ursula von der Leyen warned member states from buying too much equipment from abroad and ...

Under four schemes announced by the EU's European Defence Agency (EDA), groups of countries have signed so-called letters of intent to develop air and missile defence, electronic warfare ...

On May 5, EU countries, on Kallas' recommendation, agreed on the appointment of German General Andre Denk to head the European Defense Agency. His term of office will officially begin on May 16. It is ...