EU allocates 500 mln euros for ammunition production
Release time:2024-05-21 16:40:58
BRUSSELS, March 15 (Xinhua) -- The European Commission on Friday announced the allocation of 500 mil 。
BRUSSELS, March 15 (Xinhua) -- The European Commission on Friday announced the allocation of 500 million euros (about 544 million U.S. dollars) to boost ammunition production as part of its support for the European defense industry. In a statement, the commission said this would allow the European defense industry to increase its ammunition production to two million shells a year by the end of 2025. Its annual production capacity for 155 mm shells reached 1 million per year in January. To assist the European industry in increasing its ammunition production and readiness, the commission said it selected 31 projects in five areas: explosives, powder, shells, missiles and testing and reconditioning certification. Also on Friday, the commission launched the work program for the instrument to reinforce the European defense industry through common procurement and the fourth annual work program of the European Defence Fund. These programs, aimed at reinforcing the European defense technological and industrial base, have a total budget of almost 2 billion euros. (1 euro = 1.09 U.S. dollar)
(Editor:Fu Bo)
Related articles
- Tom Holland enjoyed a post-show cup of tea and proudly waved to fans as he left the Duke of York's T2024-05-21
Culture Insider: China's Ghost Festival
[Photo/VCG]The Zhongyuan Festival, also known as Ullambana Festival among Buddhists, falls on the fi2024-05-21Croatia's ruling party wins most seats in parliamentary elections: exit polls
A man casts his ballot at a polling station during the parliamentary elections in Zagreb, Croatia, o2024-05-21Hong Kong greets 1.3 mln visits during Spring Festival holiday
(ECNS) -- Hong Kong received 1.3 million visits during the Chinese New Year holidays from Saturday t2024-05-21Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
MANILA, Philippines (AP) — The Philippines blamed Chinese fishermen on Monday for a massive loss of2024-05-21Xi's Speech at the 30th APEC Economic Leaders' Meeting Published
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment