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Global Business News

The Economic Times

Global Business / The Economic Times

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EU Commission proposes five major cross-border defence projects

The European Commission has put forward five significant cross-border defence initiatives, paving the way for EU funding. These projects, including a drone and counter-drone effort involving 26 nations, aim to enhance innovation and the European defence industry. Other key areas include maritime, air and missile defence, and space-based defence. A 325 million budget is allocated, with potential for more, to boost competitiveness and reduce market fragmentation.

3 Jul 2026 7:43 pm