DFM Funding Monitor · investor view
Where European defence public capital is going
Which sectors and countries the money is flowing to, and which companies just got validated by it — from official TED awards, updated daily.
About the data
Computed from official TED contract-award notices (CPV 35*). Monetary figures are converted to EUR at ECB reference rates (2026-08-21) and are approximate; undisclosed, negative and implausibly large (>€50bn, likely framework ceilings) values are excluded from EUR totals. Trend = last 90 days vs the prior 90 days. "Date" is the award/conclusion date where published, else the publication date.
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Awarded · last 90d (EUR)
€9,379,714,851
Awards · 90d
1102
Distinct winners · 90d
751
NEW winners · 90d
539
Section 1 · The direction (last 90d vs prior 90d · EUR at ECB rates)
Top sectors by awarded EUR
| Sector | Awarded (90d) | vs prior |
|---|---|---|
| Defence/dual-use | €5,727,660,692 | ▼ -59% |
| Military vehicles | €3,060,250,256 | ▲ +287% |
| Security equipment | €493,979,855 | ▼ -58% |
| Weapons & ammunition | €84,997,215 | ▼ -95% |
| Military electronics | €12,041,879 | ▲ new |
| Warships & naval | €784,954 | ▲ new |
Top buyer-countries by awarded EUR
| Country | Awarded (90d) | vs prior |
|---|---|---|
| Poland | €5,493,189,044 | ▲ +66% |
| Denmark | €1,293,060,624 | ▼ -48% |
| Sweden | €830,281,554 | ▲ +207% |
| Netherlands | €354,589,266 | ▲ +673% |
| Romania | €208,308,035 | ▼ -57% |
| France | €188,867,800 | ▼ -80% |
| Spain | €178,419,269 | ▼ -7% |
| Norway | €169,576,810 | ▼ -61% |
| Belgium | €165,376,502 | ▲ +878% |
| Estonia | €131,008,262 | ▲ +51% |
| Czechia | €66,251,384 | ▼ -90% |
| Latvia | €45,837,937 | ▲ +169% |
| Germany | €42,849,900 | ▼ -85% |
| Slovenia | €37,987,218 | ▼ -88% |
| Italy | €35,144,988 | ▼ -66% |
The 10 biggest awards · last 90 days
| Winner | Buyer | Value (EUR) | Date | Notice |
|---|---|---|---|---|
| WB Electronics S.A. | Agencja Uzbrojenia (POL) | €2,167,515,247 | 2026-05-28 | notice → |
| HUTA STALOWA WOLA S.A. | Agencja Uzbrojenia (POL) | €1,833,681,745 | 2026-05-30 | notice → |
| Rheinmetall Waffe Munition GmbH | Danish Ministry of Defence Acquisition and Logistics Organisation (DNK) | €1,275,000,000 | 2026-06-18 | notice → |
| HUTA STALOWA WOLA S.A. | Agencja Uzbrojenia (POL) | €1,043,904,811 | 2026-05-30 | notice → |
| GOETZLOFF Gesellschaft mbH | Adda Inköpscentral AB (SWE) | €650,000,000 | 2026-06-12 | notice → |
| Sioen NV | Politie (NLD) | €180,000,000 | 2026-07-01 | notice → |
| Dobrowolski Spółka z ograniczoną odpowiedzialnością | Agencja Uzbrojenia (POL) | €169,773,328 | 2026-05-29 | notice → |
| Roshel Inc. | Riigi Kaitseinvesteeringute Keskus (EST) | €120,000,000 | 2026-06-30 | notice → |
| MIRBUD S.A. | Generalna Dyrekcja Dróg Krajowych i Autostrad (POL) | €86,817,673 | 2026-06-10 | notice → |
| INDRA SISTEMAS S.A. | MINISTERUL APARARII NATIONALE - UNITATEA MILITARA 02150 BUCURESTI PRIN C.N. ROMTEHNICA S.A. (ROU) | €80,817,296 | 2026-07-15 | notice → |
Public money de-risks a company before private capital does — this is who it just validated.
Section 2 · Recently validated companies (last 60 days · newest first · 452 winners)
Also: recent EU research-grant beneficiaries → · NATO-backed companies →
| Company | Award (buyer · value · date) | Notice |
|---|---|---|
| MENTOR | INSPECTORATUL GENERAL AL POLITIEI ROMANE (ROU) · 5,370,000 · 2026-08-24 | notice → |
| DANIEL DEKAISE SA NEW | Ministère de la Défense (BEL) · 2,941,229 EUR · 2026-08-24 | notice → |
| EDGARD GRIMARD SA NEW | Ministère de la Défense (BEL) · 2,460,800 EUR · 2026-08-24 | notice → |
| FN HERSTAL SA NEW | Ministère de la Défense (BEL) · 58,441,765 EUR · 2026-08-24 | notice → |
| Rheinmetall Electronics GmbH | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-08-21 | notice → |
| Sabiedrība ar ierobežotu atbildību "SYNERGY" NEW | Rīgas valstspilsētas pašvaldības Centrālās administrācijas Iepirkumu pārvalde (LVA) · 45,961 EUR · 2026-08-21 | notice → |
| Maibach Industrie-Plastic GmbH NEW | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-08-20 | notice → |
| PROTIM NEW | DYNACITE (FRA) · 900,000 · 2026-08-20 | notice → |
| Seyntex | Ministère de la Défense (BEL) · 23,844,760 EUR · 2026-08-20 | notice → |
| Sioen NEW | Ministère de la Défense (BEL) · 24,581,111 EUR · 2026-08-20 | notice → |
| SSC-ARMI NEW | Ministère de la Défense (BEL) · 2,132,200 EUR · 2026-08-20 | notice → |
| TRADESEGUR, S.A. NEW | Junta de Gobierno del Ayuntamiento de Granada (ESP) · 183,810 EUR · 2026-08-20 | notice → |
| ARLEN S.A. | Komenda Główna Straży Granicznej (POL) · 25,415,613 PLN · 2026-08-19 | notice → |
| Lavanderie dell'Alto Adige S.r.l. NEW | Contarina S.p.A. (ITA) · 1,240,896 EUR · 2026-08-19 | notice → |
| Suyfa Defence, S.L. NEW | Intendente de Ferrol (ESP) · 1,425,000 · 2026-08-19 | notice → |
| GRADINARIU IMPORT EXPORT S.R.L. | COMUNA VALEA LUPULUI (ROU) · 1,391,900 RON · 2026-08-18 | notice → |
| Heckler Koch GmbH | Išteklių agentūra prie Lietuvos Respublikos vidaus reikalų ministerijos (LTU) · 566,000 EUR · 2026-08-18 | notice → |
| PH KOGEX Spółka z o.o. NEW | 4 Regionalna Baza Logistyczna (POL) · 68,243 PLN · 2026-08-18 | notice → |
| Rosenbauer Deutschland GmbH | Berliner Feuerwehr (DEU) · 1,107,000 · 2026-08-18 | notice → |
| Sabiedrība ar ierobežotu atbildību "Zemgales remonta centrs" NEW | Valsts aizsardzības loģistikas un iepirkumu centrs (LVA) · 3,034,711 · 2026-08-18 | notice → |
| UAB "Saugima" NEW | LTG Kompetencijų centras UAB (PV) (LTU) · 8,000 EUR · 2026-08-17 | notice → |
| BTL Brandschutz Technik GmbH Leipzig | Stadt Viersen (DEU) · Undisclosed · 2026-08-17 | notice → |
| Delta Technologies Zártkörűen Működő Részvénytársaság NEW | BKK Budapesti Közlekedési Központ Zártkörűen Működő Részvénytársaság (HUN) · Undisclosed · 2026-08-17 | notice → |
| Depmeier Werbung & Folientechnik NEW | Stadt Mettmann (DEU) · Undisclosed · 2026-08-17 | notice → |
| EMD - Equipement des Métiers de la Défense NEW | Ministère de la Défense (BEL) · 2,713,422 EUR · 2026-08-17 | notice → |
| LUING PYREX s.r.o. NEW | Ministerstvo vnitra (CZE) · 3,941,625 CZK · 2026-08-17 | notice → |
| Texport Handelsgesellschaft.m.b.H. | Landeshauptstadt Düsseldorf, Der Oberbürgermeister, Amt für Recht, Vergabe und Versicherungen, Zentrale Vergabestelle (DEU) · Undisclosed · 2026-08-17 | notice → |
| WISS Samochody Specjalne Sp z o.o. | Gmina Kosów Lacki (POL) · 1,093,496 PLN · 2026-08-17 | notice → |
| Trident Associated Securities Kommunications Limited (Task Ltd) NEW | Pobal (IRL) · 3,850,000 EUR · 2026-08-17 | notice → |
| CSI CHAUDELEC SYSTEMES INDUSTRIELS NEW | AUTORITE DE SURETE NUCLEAIRE ET DE RADIOPROTECTION (FRA) · 154,610 EUR · 2026-08-14 | notice → |
| ESTACIONAMIENTOS Y SERVICIOS, S.A.U. NEW | Junta de Gobierno del Ayuntamiento de Torrevieja (ESP) · 982,821 EUR · 2026-08-14 | notice → |
| Sabiedrība ar ierobežotu atbildību "Tet" NEW | Valsts aizsardzības loģistikas un iepirkumu centrs (LVA) · 3,747,032 · 2026-08-14 | notice → |
| Wagener Technik GmbH NEW | Stadt Tecklenburg (DEU) · 222,017 EUR · 2026-08-14 | notice → |
| Antero Lopes, Lda. | Secretaria-Geral do Ministério da Administração Interna (PRT) · 2,748,000 EUR · 2026-08-14 | notice → |
| BLC Turva Oy NEW | Turun kaupunki (FIN) · 1,000,000 · 2026-08-14 | notice → |
| AGATONIA CRAFT NEW | Biserica Evanghelica C.A. din Romania - Parohia Brasov (ROU) · 777,830 RON · 2026-08-13 | notice → |
| BERETTA ΕΛΛΑΣ ΕΠΕ NEW | ΥΠΟΥΡΓΕΙΟ ΝΑΥΤΙΛΙΑΣ ΚΑΙ ΝΗΣΙΩΤΙΚΗΣ ΠΟΛΙΤΙΚΗΣ/ΓΕΝΙΚΗ ΔΙΕΥΘΥΝΣΗ ΟΙΚΟΝΟΜΙΚΩΝ ΥΠΗΡΕΣΙΩΝ/ΔΙΕΥΘΥΝΣΗ ΠΡΟΜΗΘΕΙΩΝ ΚΑΙ ΕΠΟΠΤΕΙΑΣ ΑΠΟΘΗΚΩΝ (GRC) · 52,196 EUR · 2026-08-13 | notice → |
| TRUE IT POWER | DIRECTIA DE SANATATE PUBLICA HARGHITA (ROU) · 568,896 RON · 2026-08-13 | notice → |
| ΖΕΡΒΑΚΑΚΟΣ ΑΧΙΛΛΕΑΣ ΚΑΙ ΣΙΑ Ε.Ε. NEW | ΥΠΟΥΡΓΕΙΟ ΝΑΥΤΙΛΙΑΣ ΚΑΙ ΝΗΣΙΩΤΙΚΗΣ ΠΟΛΙΤΙΚΗΣ/ΓΕΝΙΚΗ ΔΙΕΥΘΥΝΣΗ ΟΙΚΟΝΟΜΙΚΩΝ ΥΠΗΡΕΣΙΩΝ/ΔΙΕΥΘΥΝΣΗ ΠΡΟΜΗΘΕΙΩΝ ΚΑΙ ΕΠΟΠΤΕΙΑΣ ΑΠΟΘΗΚΩΝ (GRC) · 89,536 EUR · 2026-08-13 | notice → |
| CB SERVIS CENTRUM s.r.o. | Ministerstvo obrany (CZE) · 19,924,079 CZK · 2026-08-13 | notice → |
| ΜΑΡΙΤΑ ΕΛΛΑΣ ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΕΙΑ ΕΜΠΟΡΙΑΣ ΚΑΙ ΚΑΤΑΣΚΕΥΩΝ ΝΑΥΤΙΛΙΑΚΩΝ ΕΙΔΩΝ NEW | ΥΠΟΥΡΓΕΙΟ ΚΛΙΜΑΤΙΚΗΣ ΚΡΙΣΗΣ ΚΑΙ ΠΟΛΙΤΙΚΗΣ ΠΡΟΣΤΑΣΙΑΣ, ΓΕΝΙΚΗ ΓΡΑΜΜΑΤΕΙΑ ΠΟΛΙΤΙΚΗΣ ΠΡΟΣΤΑΣΙΑΣ, ΓΕΝΙΚΗ ΔΙΕΥΘΥΝΣΗ ΟΙΚΟΝΟΜΙΚΩΝ ΥΠΗΡΕΣΙΩΝ /ΔΙΕΥΘΥΝΣΗ ΠΡΟΜΗΘΕΙΩΝ/ Α΄ ΤΜΗΜΑ ΔΙΕΝΕΡΓΕΙΑΣ ΔΙΑΔΙΚΑΣΙΩΝ ΔΗΜΟΣΙΩΝ ΣΥΜΒΑΣΕΩΝ (GRC) · 93,456 EUR · 2026-08-12 | notice → |
| DRÄGER HISPANIA , S.A. | Área de Gobierno de Vicealcaldía, Portavoz, Seguridad y Emergencias del Ayuntamiento de Madrid (ESP) · 327,954 EUR · 2026-08-12 | notice → |
| Heinrich Vorndamme OHG | Institut der Feuerwehr NRW (DEU) · Undisclosed · 2026-08-12 | notice → |
| IBKOL SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ NEW | Śląski Urząd Wojewódzki w Katowicach (POL) · 1,049,190 PLN · 2026-08-12 | notice → |
| LAND NEW | Comando Brigata Paracadutisti "Folgore" (ITA) · 711,908 EUR · 2026-08-12 | notice → |
| Lienza Industria Textil, S.L.U. NEW | Junta de Gobierno del Ayuntamiento de Córdoba (ESP) · 15,000 EUR · 2026-08-12 | notice → |
| SIA "RAE LV" NEW | Nodrošinājuma valsts aģentūra (LVA) · 86,858 · 2026-08-12 | notice → |
| Respro Ltd_54456 | Longford Fire and Rescue Service (IRL) · 110,479 EUR · 2026-08-12 | notice → |
| Sidhean Teo | Longford Fire and Rescue Service (IRL) · 417,281 EUR · 2026-08-12 | notice → |
| Foxberg OÜ NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 200,000 EUR · 2026-08-11 | notice → |
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Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.