The Commission allocates €500 million to ramp up ammunition production, out of a total of €2 billion to strengthen EU’s defence industry
the Commission allocated the €500 million foreseen under the Act in Support of Ammunition Production (ASAP). This will allow the European defence industry to ramp up its ammunition production capacity to 2 million shells per year by the end of 2025. The Commission also launched the Work Programme for the instrument for the reinforcement of the European defence industry …