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Ammunition production: European Commission allocates €500mln
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The European Commission has allocated €500 million for the production of ammunition, which will allow the European defense industry to increase production capacity to 2 million shells per year by late 2025
This is stated on the website of the European Commission.
Under the Ammunition Support Act (ASAP), Europe is expected to produce 2 million shells annually.
“The Commission completed the evaluation under the ASAP Regulation in record time and selected 31 projects to assist European industry in increasing its ammunition production and readiness,” the statement says.
These projects cover five areas: gunpowder, explosives, projectiles, missiles, and test and recovery certification. They will be funded by the EU and Norway from their own budgets.
“This funding will leverage additional investment from industry through co-financing, resulting in a total investment of around €1.4 billion in the supply chain,” the statement says.
The European Commission expects that grant agreements with the selected applicants will be signed in May this year.
- On February 6, the EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, explained how the EU could increase the supply of ammunition to Ukraine.
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