The €13 billion set aside for security and defence in the EU’s current long-term budget (2021–2027) is a drop in the ocean when it comes to protecting Europe from serious threats, the bloc’s defence, security, and space industry has warned.
The next Multiannual Financial Framework (MFF) should feature dedicated investment envelopes that “match the scale of the ambition and the urgency of the challenge,” according to a position paper by the Aerospace, Security and Defence Industries Association of Europe (ASD), released on the eve of the European Commission’s proposal.
