The European Defence Agency today issued a call for applications from parties interested in participating in the 2020 edition of the ‘EDA Defence Innovation Prize’ contest rewarding companies and research entities who come up with innovative and ground-breaking technologies, products, processes or services applicable in the defence domain. This year’s contest will reward innovative defence-related […]
Commission approves acquisition of Raytheon by UTC, subject to conditions
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Raytheon by United Technologies Corporation (UTC). The approval is conditional on the divestiture of a remedy package. The transaction combines UTC’s aerospace businesses and Raytheon’s defence business. Both companies are global suppliers of military systems and equipment to aircraft and guided […]
Statement of the Foreign Affairs Council about the crisis in Idlib and the situation at the EU external borders with Turkey
The EU Ministers of Foreign Affairs met last week for an extraordinary Council meeting to discuss the crisis in Idlib and the situation at the EU external borders with Turkey. The Council acknowledges the increased migratory burden and risks Turkey is facing on its territory and the substantial efforts it has made in hosting 3,7 […]
How much do governments spend on defence?
In 2018, the 27 EU Member States’ government expenditure on defence amounted to €162 billion, representing 2.6% of total government expenditure. This is equivalent to 1.2% of GDP. Overall, in the EU, general government expenditure on defence as a percentage of GDP slightly decreased since the beginning of the time series in 2001 (1.4%). Highest ratio of government expenditure on […]