The European Union (EU) has increased the budget of its armament agency by one third to €32m.

The 2008 budget includes €6m for developing technology for unmanned aircraft, which will need further approval from EU nations after a technical and economic assessment of the project.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Defence ministers agreed at least 20 percent of military budgets should go toward new equipment purchases, up from the current level of 19.4 percent.

For a second year Britain has blocked plans to set a three-year agency budget that would allow for longer-term planning.

By staff writer

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.