The European Commission announced on Wednesday that it will invest 1 billion euros (1.17 billion U.S. dollars) in joint defense research and development under the 2026 European Defense Fund Work Program, to reinforce Europe's collective approach to defense innovation and capability building.
With this new round of investments, the European Commission's flagship for defense research and development will address 31 collaborative defense research and development topics, in critical and urgent areas in line with the commonly agreed capability development priorities.
The distribution of topics is striking a balance between funding research and development on the traditional backbone of defense, on future capability areas and on defense innovation and ensuring support for small and medium enterprises and mid-caps, according to the Commission.
Speaking at the European Parliament in Strasbourg, France, European Commission President Ursula von der Leyen on Wednesday said that the Russia-Ukraine conflict has sounded the alarm for them, and Europe must be responsible for its own security.
"This is no longer an option. This is a must," she said, adding that the world pattern has undergone profound changes, and Europe must focus on its own strategy.
EU allocates 1 billion euros to boost collaborative European defense research, development
