The Structural Repricing of Defence Across Global Capital Markets

About this report

The global defence sector is experiencing a fundamental revaluation across capital markets. In contrast to past cyclical upticks driven by transient conflicts or budget oscillations, today’s repricing of defence as an asset class appears structural and enduring.

Investors and policymakers alike have shed long-held assumptions from the post-Cold War “peace dividend” era, recognizing that heightened security threats are not a short-term anomaly but a new normal.

Key questions this report answers

• Why is the current repricing of defence as an asset class described as structural and enduring rather than a cyclical uptick?
• How have investors and policymakers shed post-Cold War 'peace dividend' assumptions?
• Which capital-market dynamics are driving the global revaluation of the defence sector?
• What are the implications of treating heightened security threats as a 'new normal' for defence valuations?

Who it's for

Strategy, corporate-development and investment teams that need an ecosystem-level view — budgets, industrial capacity and technology landscapes — before committing capital or capacity.

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Methodology, format & delivery

DFM reports are built from primary and official sources — TED procurement notices, CORDIS and the EU Funding & Tenders Portal, EIB operations, the NATO Innovation Fund portfolio, SIPRI data, official budget documents and company disclosures — read together with the underlying legal texts. Sources are cited in the document; it reflects them as of its publication date (16 November 2025). You receive a 12-page PDF, watermarked to you on every page, delivered on the confirmation page and by e-mail immediately after checkout (personal link valid 72 hours, up to 5 downloads). Guest checkout, single-user licence — Terms of Sale.

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