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 (2026-09-30) 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)
€7,837,057,836
Awards · 90d
1070
Distinct winners · 90d
710
NEW winners · 90d
468
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 | €4,064,937,034 | ▼ -45% |
| Security equipment | €3,216,611,588 | ▲ +155% |
| Warships & naval | €351,400,104 | ▲ new |
| Weapons & ammunition | €182,012,589 | ▲ +253% |
| Military electronics | €15,980,583 | ▲ +74% |
| Military vehicles | €5,785,939 | ▼ -100% |
| Military aircraft | €330,000 | ▲ new |
Top buyer-countries by awarded EUR
| Country | Awarded (90d) | vs prior |
|---|---|---|
| France | €2,941,738,436 | ▲ +1419% |
| Denmark | €2,694,121,420 | ▲ +85% |
| Norway | €379,121,172 | ▼ -3% |
| Belgium | €291,437,447 | ▲ +780% |
| Poland | €256,956,031 | ▼ -96% |
| Spain | €238,056,237 | ▲ +21% |
| Romania | €222,906,687 | ▼ -70% |
| Sweden | €158,574,798 | ▼ -85% |
| Finland | €114,406,687 | ▲ +301% |
| Netherlands | €108,570,384 | ▼ -65% |
| Czechia | €71,591,907 | ▼ -79% |
| Ireland | €66,098,203 | ▲ +363% |
| Germany | €61,963,078 | ▼ -78% |
| Lithuania | €55,433,001 | ▼ -34% |
| Austria | €40,188,449 | ▼ -24% |
The 10 biggest awards · last 90 days
| Winner | Buyer | Value (EUR) | Date | Notice |
|---|---|---|---|---|
| E-CONEX | CANUT (FRA) | €2,822,000,000 | 2026-09-17 | notice → |
| Galvion INC. | Forsvarsministeriets Materiel- og Indkøbsstyrelse (DNK) | €2,500,000,000 | 2026-08-27 | notice → |
| Harstad Mek Verksted AS | FORSVARSMATERIELL (NOR) | €350,000,000 | 2026-08-24 | notice → |
| Przedsiębiorstwo Sprzętu Ochronnego MASKPOL S.A. | 2. Regionalna Baza Logistyczna (POL) | €153,644,804 | 2026-09-22 | notice → |
| VANDEPUTTE SAFETY | Ministère de la Défense (BEL) | €112,696,620 | 2026-08-18 | notice → |
| MBDA France SAS | Danish Ministry of Defence Acquisition and Logistics Organisation (DNK) | €106,987,000 | 2026-09-01 | notice → |
| Saab Dynamics AB | Puolustusvoimien logistiikkalaitos (FIN) | €104,381,742 | 2026-08-26 | 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 → |
| Outsight | Swedavia AB (SWE) | €80,000,000 | 2026-08-17 | notice → |
| ICM A/S | Forsvarsministeriets Materiel- og Indkøbsstyrelse (DNK) | €70,000,000 | 2026-09-01 | 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 · 428 winners)
Also: recent EU research-grant beneficiaries → · NATO-backed companies →
| Company | Award (buyer · value · date) | Notice |
|---|---|---|
| Military Equipment Denmark A/S NEW | Danish Ministry of Defence Acquisition and Logistics Organisation (DNK) · 10,700,000 DKK · 2026-10-08 | notice → |
| AXATON S.L. | Presidencia del Consorcio Provincial de Prevención y Extinción de Incendios de Córdoba (CPPEI (ESP) · 304,183 EUR · 2026-10-07 | notice → |
| Capacity Expo s.r.o. NEW | Opavská kulturní organizace, příspěvková organizace (CZE) · 19,989,527 CZK · 2026-10-07 | notice → |
| GAUZON IBERICA, S.L.U. | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 283,577 EUR · 2026-10-07 | notice → |
| INCIPRESA | Presidencia del Consorcio Provincial de Prevención y Extinción de Incendios de Córdoba (CPPEI (ESP) · 433,923 EUR · 2026-10-07 | notice → |
| SIGNEST NEW | SAINT-LOUIS Agglomération (FRA) · 92,983 · 2026-10-07 | notice → |
| Société RIVOLIER NEW | Ville Liévin (FRA) · 160,000 · 2026-10-07 | notice → |
| SOLUTIA INNOVAWORLD TECHNOLOGIES, S.L.U NEW | Consejería de Presidencia, Reto Demográfico, Igualdad y Turismo del Principado de Asturias (ESP) · 5,850,900 EUR · 2026-10-07 | notice → |
| THT Polička, s.r.o. NEW | Městys Okříšky (CZE) · 9,729,000 CZK · 2026-10-07 | notice → |
| SZCZĘŚNIAK Pojazdy Specjalne Sp. z o.o. | GMINA BABOSZEWO (POL) · 1,388,055 PLN · 2026-10-07 | notice → |
| Procivis GmbH NEW | Patentti- ja rekisterihallitus (FIN) · 450,000 EUR · 2026-10-06 | notice → |
| UAB DEFENSA | Išteklių agentūra prie Lietuvos Respublikos vidaus reikalų ministerijos (LTU) · 126,041 EUR · 2026-10-06 | notice → |
| Fire Go GmbH NEW | Flughafen Wien AG (AUT) · 885,000 EUR · 2026-10-06 | notice → |
| G.B.S. Handelsgesellschaft mbH | Berliner Feuerwehr (DEU) · 233,822 EUR · 2026-10-06 | notice → |
| Rheinmetall Electronics GmbH | HIL Heeresinstandsetzungslogistik GmbH (DEU) · Undisclosed · 2026-10-06 | notice → |
| Caulfield Industrial Ltd. NEW | Education Procurement Service (EPS) (IRL) · 3,000,000 · 2026-10-06 | notice → |
| International Consultants and Business Company NEW | Inspectoratul General de Aviatie al M.A.I. (ROU) · 67,200 · 2026-10-05 | notice → |
| mh Service NEW | Hessisches Landeskriminalamt (DEU) · Undisclosed · 2026-10-05 | notice → |
| Požární bezpečnost s.r.o. | ČEPRO, a.s. (CZE) · 11,765,560 CZK · 2026-10-05 | notice → |
| Rosenbauer Deutschland GmbH | Markt Mitwitz, VG Mitwitz (DEU) · 509,561 EUR · 2026-10-05 | notice → |
| Thales SIX GTS France SAS NEW | Danish Ministry of Defence Acquisition and Logistics Organisation (DNK) · 1 EUR · 2026-10-05 | notice → |
| Acre Soluciones Topográficas Alquiler y Venta S.L. NEW | European Border and Coast Guard Agency (FRONTEX) (POL) · 330,000 · 2026-10-02 | notice → |
| GMT Gummi-Metall-Technik GmbH NEW | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-10-02 | notice → |
| Monroy Sport S. L. NEW | Área de Gobierno de Vicealcaldía, Portavoz, Seguridad y Emergencias del Ayuntamiento de Madrid (ESP) · 3,011,400 · 2026-10-02 | notice → |
| WEBO MARIBOR dekontaminacija proizvodi in oprema d.o.o. NEW | OBČINA ROGAŠOVCI (SVN) · 271,271 EUR · 2026-10-02 | notice → |
| ELTECHNIK KRZYSZTOF DĘBKOWSKI NEW | Gmina Miasto Elbląg (POL) · 486,622 PLN · 2026-10-02 | notice → |
| UAB "Garant ProTech" NEW | Priešgaisrinės apsaugos ir gelbėjimo departamentas prie Vidaus reikalų ministerijos (LTU) · 95,798 EUR · 2026-10-01 | notice → |
| AZUR FETES EVENTS NEW | VILLE DE NICE (FRA) · 720,000 · 2026-10-01 | notice → |
| DE_W.K.K. GmbH NEW | armasuisse Ressourcen und Support CC WTO (CHE) · 1,426,920 CHF · 2026-10-01 | notice → |
| INSIGNA UNIFORMES S.L. | Presidencia de la Autoridad Portuaria de Baleares (ESP) · 255,682 EUR · 2026-10-01 | notice → |
| LID NEW | Métropole de Lyon (FRA) · 750,000 EUR · 2026-10-01 | notice → |
| MPARTS sp. z o.o. NEW | 2. Regionalna Baza Logistyczna (POL) · 5,166,114 PLN · 2026-10-01 | notice → |
| R-PONS NEW | SDIS 74 (FRA) · 198,000 · 2026-10-01 | notice → |
| Alpha Unmanned Systems, S.L. NEW | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 1,310,000 EUR · 2026-09-30 | notice → |
| Bio-Ex GmbG NEW | Stadt Frankfurt am Main, Branddirektion (DEU) · Undisclosed · 2026-09-30 | notice → |
| Eurosportos Srl NEW | Provincia Autonoma di Trento (ITA) · 649,200 EUR · 2026-09-30 | notice → |
| P. W. BIBMOT BIK Sp. J. NEW | Gmina Zapolice (POL) · 1,233,981 PLN · 2026-09-30 | notice → |
| X-Lab Solutions S.R.L. | SPITALUL DE PEDIATRIE PLOIESTI (ROU) · 336,000 · 2026-09-29 | notice → |
| ČATEKS d.d. | REPUBLIKA HRVATSKA MINISTARSTVO OBRANE (HRV) · Undisclosed · 2026-09-29 | notice → |
| Moto-Truck Sp. z o.o. | Komenda Wojewódzka Państwowej Straży Pożarnej w Lublinie (POL) · 7,601,400 PLN · 2026-09-29 | notice → |
| NSC Nordic Service Collaboration Sweden AB NEW | Domstolsverket (SWE) · 20,000,000 · 2026-09-29 | notice → |
| Rheinmetall Waffe Munition GmbH | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · 584,997 EUR · 2026-09-29 | notice → |
| Schmitz Feuerwehrtechnik GmbH | Bundesrepublik Deutschland, vertreten durch das Bundesministerium des Innern, vertreten durch das Beschaffungsamt des BMI (DEU) · Undisclosed · 2026-09-29 | notice → |
| Ziegler Textil GmbH | Landesamt für Zentrale Polizeiliche Dienste Nordrhein-Westfalen (DEU) · Undisclosed · 2026-09-29 | notice → |
| ADTEL SISTEMAS DE SEGURIDAD, S.L. | Transports de Barcelona, SA (ESP) · 0 · 2026-09-29 | notice → |
| EKO-ON Sp. z o.o. NEW | Gmina Opinogóra Górna (POL) · 1,037,300 PLN · 2026-09-29 | notice → |
| Threod Systems AS | Politsei- ja Piirivalveamet (EST) · 400,000 · 2026-09-28 | notice → |
| amanu GmbH NEW | Hessisches Polizeipräsidium für Technik (DEU) · Undisclosed · 2026-09-28 | notice → |
| Dräger Austria GmbH NEW | Stadtgemeinde Salzburg (AUT) · 592,214 EUR · 2026-09-28 | notice → |
| EQUIPCITE NEW | Ville d'Antibes (06) (FRA) · 300,000 EUR · 2026-09-28 | 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.