EDF (European Defence Fund)

The European Defence Fund (EDF) is a financial initiative by the European Union aimed at strengthening the defense capabilities of its member states. It provides funding for collaborative research, development, and procurement of new military technology and equipment. The goal is to foster innovation, enhance security, and reduce dependence on non-European suppliers by encouraging cooperation among European companies and institutions. By pooling resources and expertise, the EDF seeks to create a more integrated and competitive European defense industry, ensuring the EU is better prepared to address security challenges collectively.