In the wake of the European Council's discussion on the 26th of February regarding the future of EU security and defence, a decisive juncture to assess the stature of EU defence cooperation lies ahead. The EU pledges to deliver a collective answer to a fast-changing strategic environment and maintain momentum on its defence initiatives. Among its initiatives, the European Defence Fund (EDF) aims to boost joint research and innovation in defence and stimulate Member States industrial bases to develop common military capabilities. The EDF has officially come into effect with the new Multi-Annual Financial Framework (MFF) 2021-2027, empowered with a total budget of € 8 billion; thus, it is time to demonstrate its potential.