Germany’s defence expansion creates a financing question that cannot be answered from procurement volumes alone. A supplier may receive a larger order while still having to fund new machinery, dedicated tooling, production ramp-up, development work and working capital before the corresponding economics appear in the contract price. Where German public-price law governs the transaction, the result depends first on the applicable price type and then on the way the contract treats cost attribution, depreciation, productive assets, development, capital and profit. The answer also depends on when money moves, which is a question of budget law and payment terms rather than of price law. For European specialist suppliers, and for the banks and investors that finance them, the relevant issue is therefore not simply whether German defence demand is increasing, but under what conditions an order can carry the cost of expanding the industrial capacity needed to execute it, and how much of that cost remains on the supplier’s balance sheet until, or unless, it is recovered.