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 (2026-07-01) 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.
Awarded · last 90d (EUR)
€10,321,105,524
Awards · 90d
988
Distinct winners · 90d
680
NEW winners · 90d
520
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 | €6,045,664,044 | ▼ -64% |
| Military vehicles | €3,095,934,017 | ▲ +176% |
| Security equipment | €1,140,846,469 | ▼ -93% |
| Weapons & ammunition | €38,660,994 | ▼ -98% |
Top buyer-countries by awarded EUR
| Country | Awarded (90d) | vs prior |
|---|---|---|
| Poland | €6,799,214,923 | ▲ +218% |
| Sweden | €890,833,564 | ▲ +335% |
| Romania | €471,822,418 | ▲ +230% |
| Hungary | €375,290,428 | ▼ -98% |
| Czechia | €300,142,064 | ▼ -50% |
| Norway | €281,831,450 | ▼ -27% |
| Germany | €258,631,749 | ▲ +415% |
| Denmark | €232,150,447 | ▼ -92% |
| Spain | €126,999,012 | ▼ -93% |
| Lithuania | €82,503,115 | ▲ +167% |
| Italy | €80,635,686 | ▼ -19% |
| France | €60,796,987 | ▼ -94% |
| Estonia | €60,301,412 | ▼ -86% |
| Greece | €54,964,313 | ▲ +218% |
| Austria | €51,632,340 | ▲ +165% |
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) | €1,839,529,652 | 2026-05-30 | notice → |
| PRESTIGE + Sp. z o.o. | TAURON Dystrybucja S. A. Oddział w Krakowie (POL) | €1,090,226,446 | 2026-04-13 | notice → |
| HUTA STALOWA WOLA S.A. | Agencja Uzbrojenia (POL) | €1,047,233,992 | 2026-05-30 | notice → |
| GOETZLOFF Gesellschaft mbH | Adda Inköpscentral AB (SWE) | €650,000,000 | 2026-06-12 | notice → |
| ZALA-ELEKTRO Épületvillamossági, Szerelő és Szolgáltató Korlátolt Felelősségű Társaság | Semmelweis Egyetem (HUN) | €374,066,770 | 2026-04-30 | notice → |
| DAJBYCH plus s.r.o. | Česká republika - Ministerstvo obrany (CZE) | €240,000,000 | 2026-04-15 | notice → |
| Metallwerk Elisenhütte GmbH | Land Schleswig-Holstein vertreten durch das Landespolizeiamt Schleswig-Holstein endvertreten durch die Gebäudemanagement Schleswig-Holstein AöR (DEU) | €216,000,000 | 2026-05-27 | notice → |
| COBRA INSTALACIONES Y SERVICIOS S.A. | SPEEH HIDROELECTRICA SA (ROU) | €188,496,100 | 2026-05-21 | notice → |
| COBRA INSTALACIONES Y SERVICIOS S.A. | SPEEH HIDROELECTRICA SA (ROU) | €188,450,879 | 2026-05-21 | 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 · 477 winners)
Also: recent EU research-grant beneficiaries → · NATO-backed companies →
| Company | Award (buyer · value · date) | Notice |
|---|---|---|
| SAGRES, S.L. | Dirección General de Tráfico (ESP) · 456,500 EUR · 2026-06-22 | notice → |
| SENER TAFS, S.A.U. NEW | Jefatura de Asuntos Económicos del Mando de Apoyo Logístico (ESP) · 240,000 EUR · 2026-06-22 | notice → |
| A. DA COSTA, LDA NEW | Estado Maior da Força Aérea (PRT) · 69,390 EUR · 2026-06-22 | notice → |
| ENA Portugal Sistemas de Telecomunicações, SA NEW | Direção-Geral da Administração da Justiça (PRT) · 233,890 EUR · 2026-06-22 | notice → |
| TORVES, LDA NEW | Estado Maior da Força Aérea (PRT) · 188,344 EUR · 2026-06-22 | notice → |
| ALPHA ΠΛΗΡΟΦΟΡΙΚΗ Α.Ε. NEW | ΔΗΜΟΚΡΙΤΕΙΟ ΠΑΝΕΠΙΣΤΗΜΙΟ ΘΡΑΚΗΣ (GRC) · 114,995 EUR · 2026-06-19 | notice → |
| MEGA LAB ΑΝΩΝΥΜΗ ΕΤΑΙΡΙΑ NEW | ΔΗΜΟΚΡΙΤΕΙΟ ΠΑΝΕΠΙΣΤΗΜΙΟ ΘΡΑΚΗΣ (GRC) · 10,630 EUR · 2026-06-19 | notice → |
| CANIS SAFETY a.s. NEW | Zdravotnická zařízení Ministerstva spravedlnosti (CZE) · 3,919,397 CZK · 2026-06-19 | notice → |
| CAPSYS NEW | METROPOLE NICE COTE D'AZUR (FRA) · 600,000 · 2026-06-19 | notice → |
| MAXTO Technology Sp. z o.o. NEW | Polskie Koleje Państwowe S.A. (POL) · 20,199,005 PLN · 2026-06-19 | notice → |
| Mehler Vario System GmbH | Präsidium der Bayer. Bereitschaftspolizei (DEU) · Undisclosed · 2026-06-19 | notice → |
| SIA "YEInternational" NEW | Rīgas Tehniskā universitāte (LVA) · 132,397 EUR · 2026-06-19 | notice → |
| Surcom International B.V. NEW | FMV (SWE) · 13,107,317 SEK · 2026-06-19 | notice → |
| ICG INCENDIE CONTRACTANT GENERAL NEW | Crous de Lille (FRA) · 150,000 EUR · 2026-06-19 | notice → |
| HELLAMCO ΑΝΩΝΥΜΟΣ ΕΤΑΙΡΙΑ ΕΠΙΣΤΗΜΟΝΙΚΟΥ ΕΞΟΠΛΙΣΜΟΥ NEW | ΔΗΜΟΚΡΙΤΕΙΟ ΠΑΝΕΠΙΣΤΗΜΙΟ ΘΡΑΚΗΣ (GRC) · 8,420 EUR · 2026-06-18 | notice → |
| SC Nova Fit 2000 S.R.L. | SPITALUL JUDETEAN DE URGENTA SLATINA (ROU) · 15,709,062 RON · 2026-06-18 | notice → |
| ΕΠΑΦΟΣ ΣΥΣΤΗΜΑΤΑ ΠΛΗΡΟΦΟΡΙΚΗΣ ΜΟΝΟΠΡΟΣΩΠΗ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ NEW | ΔΗΜΟΚΡΙΤΕΙΟ ΠΑΝΕΠΙΣΤΗΜΙΟ ΘΡΑΚΗΣ (GRC) · 12,302 EUR · 2026-06-18 | notice → |
| AŽD Praha s.r.o. | Správa železnic, státní organizace (CZE) · 78,830,640 CZK · 2026-06-18 | notice → |
| CROSS Zlín, a.s. NEW | Statutární město Brno (CZE) · 71,601,906 CZK · 2026-06-18 | notice → |
| SEGURIDAD INTEGRAL SECOEX S.A. | Consejo de Administración-Comité de Inversiones de la Sociedad Estatal Correos y Telégrafos S.A (ESP) · 399,072 EUR · 2026-06-18 | notice → |
| Sterck IT-Consulting GmbH NEW | Planungsamt der Bundeswehr Referat I 1 (4) (DEU) · Undisclosed · 2026-06-18 | notice → |
| A la Carte Uniforms OÜ NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 90,000 EUR · 2026-06-17 | notice → |
| MATRIX ONLINE NEW | COMUNA BALCANI (CONSILIUL LOCAL) (ROU) · 491,564 RON · 2026-06-17 | notice → |
| NITECH NEW | ADMINISTRATIA REZERVATIEI BIOSFEREI DELTA DUNARII (ROU) · 973,290 RON · 2026-06-17 | notice → |
| DE_QUMEA AG NEW | Kantonsspital Winterthur - Supply Chain Management (CHE) · 241,818 CHF · 2026-06-17 | notice → |
| Divisasolutions, s.l. | Junta de Gobierno del Ayuntamiento de Málaga (ESP) · 73,350 EUR · 2026-06-17 | notice → |
| FENIKS CLEANING & SAFETY S.L. NEW | Comité Ejecutivo del Consorcio de Prevención, Extinción de Incendios y Salvamento de la Isla de Tenerife (ESP) · 654,331 EUR · 2026-06-17 | notice → |
| FIRE-MAX Sp. z o.o. NEW | Komenda Wojewódzka Państwowej Straży Pożarnej w Lublinie (POL) · 5,228,976 PLN · 2026-06-17 | notice → |
| Fisher & Paykel Healthcare Poland Sp. z o.o. NEW | SZPITAL UNIWERSYTECKI W KRAKOWIE (POL) · 223,510 PLN · 2026-06-17 | notice → |
| Phenix IT Sp. z o.o. NEW | Naczelny Sąd Administracyjny (POL) · 1,460,000 PLN · 2026-06-17 | notice → |
| Przedsiębiorstwo Sprzętu Ochronnego MASKPOL S.A. NEW | 2. Regionalna Baza Logistyczna (POL) · 7,660,000 PLN · 2026-06-17 | notice → |
| TELEKOM SLOVENIJE, d.d. NEW | MINISTRSTVO ZA NOTRANJE ZADEVE (SVN) · 647,093 EUR · 2026-06-17 | notice → |
| Trablisa Integrated Security Sau NEW | Dirección General de Racionalización y Centralización de la Contratación-Junta de Contratación Centralizada (ESP) · 219,861 EUR · 2026-06-17 | notice → |
| Van den Boom Schoenen NEW | Veiligheidsregio Limburg-Noord (NLD) · 1 · 2026-06-17 | notice → |
| VF, s.r.o. NEW | Slovenské elektrárne, a.s. (SVK) · 3,299,000 EUR · 2026-06-17 | notice → |
| VPSITEX | Logial-COOP (FRA) · 1,840,000 · 2026-06-17 | notice → |
| INVISIO Communications Limited | Riigi Kaitseinvesteeringute Keskus (EST) · 289,222 EUR · 2026-06-16 | notice → |
| P-SEVENTEEN SOLUTIONS NEW | SPITALUL MUNICIPAL " ANGHEL SALIGNY" FETESTI (ROU) · 2,386,300 RON · 2026-06-16 | notice → |
| ΓΕΩΡΓΙΟΣ ΑΡΙΣΤ. ΜΟΥΛΑΣ NEW | ΔΗΜΟΚΡΙΤΕΙΟ ΠΑΝΕΠΙΣΤΗΜΙΟ ΘΡΑΚΗΣ (GRC) · 19,129 EUR · 2026-06-16 | notice → |
| ΤΣΑΤΙΔΗΣ Α & ΣΙΑ Ε.Ε NEW | ΔΗΜΟΚΡΙΤΕΙΟ ΠΑΝΕΠΙΣΤΗΜΙΟ ΘΡΑΚΗΣ (GRC) · 1,259 EUR · 2026-06-16 | notice → |
| BG Technik cs, a.s. NEW | Ministerstvo vnitra (CZE) · 3,585,000 CZK · 2026-06-16 | notice → |
| Hörmann Warnsysteme GmbH NEW | Ämter Bordesholm Eidertal Fockbek Hohner Harde und Mittelholstein (DEU) · 216,000 EUR · 2026-06-16 | notice → |
| KREATOR Sp. z o.o. Sp. k. NEW | 2. Regionalna Baza Logistyczna (POL) · 13,308,000 PLN · 2026-06-16 | notice → |
| Martin Schäfer GmbH | Kommunales Vergabezentrum Kreis Groß-Gerau, für die Gemeinde Biebesheim (DEU) · Undisclosed · 2026-06-16 | notice → |
| POLON-ALFA S.A NEW | 1 REGIONALNA BAZA LOGISTYCZNA (POL) · 3,118,732 PLN · 2026-06-16 | notice → |
| SEIGARBOST, S.L. NEW | Presidencia de la Mancomunidad Torozos (ESP) · 456,650 EUR · 2026-06-16 | notice → |
| STANIMEX Sp.j. S. Staniszewski, M. Staniszewski NEW | ODDZIAŁ ZABEZPIECZENIA ŻANDARMERII WOJSKOWEJ (POL) · 369,428 PLN · 2026-06-16 | notice → |
| UNIPRES DOO Skopje NEW | Služba za opće i zajedničke poslove Vlade Republike Sjeverne Makedonije (MKD) · Undisclosed · 2026-06-16 | notice → |
| Wiss Samochody Specjalne Sp. z o.o | Gmina Strzelce Opolskie (POL) · Undisclosed · 2026-06-16 | notice → |
| AXION COTTON ΑΞΙΟΝ ΚΟΤΤΟΝ ΑΝΩΝΥΜΗ ΒΑΜΒΑΚΟΥΡΓΙΚΗ ΚΑΙ ΕΜΠΟΡΙΚΗ ΕΤΑΙΡΙΑ NEW | ΔΗΜΟΣ ΛΑΡΙΣΑΙΩΝ (GRC) · 761,475 EUR · 2026-06-15 | notice → |
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Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion happens on DFM Analysis.