diff --git a/make/defs.mk b/make/defs.mk
index 1b249703..0090f9ba 100644
--- a/make/defs.mk
+++ b/make/defs.mk
@@ -18,7 +18,7 @@ endif
 
 # ----- standard variables
 
-PROJECT               ?= $(notdir $(shell cd $(TOPDIR); pwd | sed 's/-[0-9].*//'))
+PROJECT               ?= $(notdir $(shell cd $(TOPDIR); pwd | sed 's/.*\///; s/-[0-9].*//'))
 PROJECT_CAPNAME        = $(shell echo $(PROJECT) | tr [a-z] [A-Z] | sed 's/-/_/g')
 PROJECT_DESCR         ?= No description
 CUSTOMER              ?= jannet