France will invest an additional €8.5 billion in ammunition by 2030
France has announced additional investments in defense production, which will enable the procurement of €8.5 billion worth of ammunition by 2030.
French Prime Minister Sébastien Lecornu made this announcement on Wednesday in the National Assembly while opening a debate on the crisis in the Middle East, according to a Ukrinform correspondent.
“The urgent issue, obviously, is ammunition. We plan to invest an additional 8.5 billion euros in orders between 2026 and 2030, which will supplement the 16 billion euros earmarked under the Military Programming Law adopted in 2023. This is of the utmost importance,” Lecornu emphasized.
The head of government also announced the creation of a platform called “France Munitions,” which will serve as a wholesale supplier of ammunition to meet the needs of the French armed forces, allied nations, and export customers. It will be funded by both the state and private investors, with additional funds for the program coming from the support plan for the “dual-use” industry.
The government also aims to update the Military Programming Act by summer at the latest, adding a “state of national emergency” provision to it.
“In the event of threats, and when circumstances require it, this will allow us to temporarily adapt our rules to speed up decision-making, simplify procedures, and remove obstacles that are currently slowing down the implementation of our strategic projects,” Lecornu explained.
The Prime Minister also announced that he plans to meet with several ministers on Thursday to review the functioning of the “war economy.”
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