European Defence Fund
The European Defence Fund (EDF) is an initiative by the European Union aimed at enhancing the defense capabilities of its member states. Launched in 2017, the fund supports collaborative defense research and the development of military equipment, encouraging countries to work together on defense projects.
By pooling resources, the EDF seeks to improve the efficiency of defense spending and foster innovation in the defense sector. It aims to strengthen the EU's strategic autonomy and ensure that member states can respond effectively to security challenges, while also promoting a competitive defense industry within the European Union.