


Warsaw wants to absorb SAFE borrowing capacity left unused by other member states and is considering strategic airlift and aerial refuelling among the beneficiaries, but no additional allocation or aircraft purchase has yet been approved.

The proposed 2027 increase would set a new headline level, but its deterrent value will depend on whether Taiwan can turn allocations into delivered missiles, drones, air defence, stocks and resilient infrastructure.

Large defence contractors have joined a record $4.1bn of military start-up funding rounds in 2026. The money offers access to faster innovation, but could also reproduce the procurement culture the newcomers were meant to challenge.

Singapore’s state investor is identifying European defence as an investment opportunity, illustrating how rising military budgets are changing the boundaries of institutional capital. Temasek has placed defence among the sectors in which it sees selective opportunities in Europe, marking a…





