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First EU defence industry fund to finance joint projects in sector

€500 million for field initiatives in 2019-2020

For the first time, MEPs endorsed the setting up of a programme devoted to boosting innovation in European defence industry including cyber security on Tuesday.With a €500 million budget for 2019-2020, the new European Defence Industrial Development Programme (EDIDP) will help fund the development of new and upgraded products and technologies to make the EU more independent, make budget spending m...

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AVIONEWS - World Aeronautical Press Agency
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