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Anatomy of a Losing Enterprise: The Eligibility Rules That Decide Access to EU Defence Funding

What is the central argument of “Anatomy of a Losing Enterprise”, and why does it matter for European defence and dual-use markets?

Anatomy of a Losing Enterprise: The Eligibility Rules That Decide Access to EU Defence Funding: The European Union’s current trajectory. Defence-finance analys…

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Original DFM publication · DFM Analysis report · 2026-01-06

The European Union’s current trajectory toward strategic autonomy has fundamentally altered the criteria for industrial success, moving beyond mere technological merit to encompass strict geopolitical alignment.

As the Union responds to the structural modifications in the security environment caused by Russia’s war of aggression, as noted in the EDIS, the definition of a “winning” company has become inextricably linked to its contribution to the European Defence Technological and Industrial Base (EDTIB). Conversely, a “losing” company is defined by its inability to adapt to these new norms of sovereignty and resilience.

This analysis answers: What is the central argument of “Anatomy of a Losing Enterprise”, and why does it matter for European defence and dual-use markets? What does this mean for European defence funding, procurement and investment decisions? How mature and defensible is the position described in “Anatomy of a Losing Enterprise”? Which European actors, programmes and funding instruments are most exposed?

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Original DFM analysis

Anatomy of a Losing Enterprise: The Eligibility Rules That Decide Access to EU Defence Funding

Type DFM Analysis report
Published 2026-01-06
Access free_public

The publication details above identify the source used for this public thread.

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As the Union responds to the structural modifications in the security environment caused by Russia’s war of aggression, as noted in the EDIS…

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Conversely, a “losing” company is defined by its inability to adapt to these new norms of sovereignty and resilience.

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