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 |
|---|---|---|
| Pirkimas pabaigtas nesudarius sutarties NEW | UAB Ignitis grupės paslaugų centras (PV) (LTU) · Undisclosed · 2026-08-11 | notice → |
| S.C. BACANIA LUI VLAD S.R.L. NEW | UM 0929 Bucuresti (ROU) · 164,000 · 2026-08-11 | notice → |
| UAB Hansab NEW | VšĮ Vilniaus pirkimų agentūra (LTU) · 391,310 EUR · 2026-08-11 | notice → |
| ΠΑΥΛΟΣ Ι. ΚΟΝΤΕΛΛΗΣ Α.Ε.Β.Ε. NEW | ΔΗΜΟΣ ΘΕΣΣΑΛΟΝΙΚΗΣ (GRC) · 104,780 EUR · 2026-08-11 | notice → |
| Albert Ziegler GmbH | Gemeinde Ahrensbök (DEU) · 6,914 EUR · 2026-08-11 | notice → |
| ARGOS OCEAN INDIEN NEW | CIRAD (FRA) · 62,155 EUR · 2026-08-11 | notice → |
| BIWAR Spółka z o.o. NEW | 4 Regionalna Baza Logistyczna (POL) · 561,784 PLN · 2026-08-11 | notice → |
| INZEP CENTRUM, s.r.o. | Technologie hlavního města Prahy, a.s. (CZE) · 79,340 CZK · 2026-08-11 | notice → |
| LIVE SAFE, gasilska, protipožarna zaščita in trgovina d.o.o. NEW | MINISTRSTVO ZA OBRAMBO (SVN) · 106,735 EUR · 2026-08-11 | notice → |
| MMC Consulting Sp. z o.o. | 4 Regionalna Baza Logistyczna (POL) · 627,813 PLN · 2026-08-11 | notice → |
| SIA "Tomega" | Valsts digitālās attīstības aģentūra (LVA) · 1,540 EUR · 2026-08-11 | notice → |
| SODEX PROTECTION NEW | Métropole de Lyon (FRA) · 230,000 · 2026-08-11 | notice → |
| HPMP Fire c/o High Precision Motor Products | Limerick City and County Council_103432 (IRL) · 453,250 EUR · 2026-08-11 | notice → |
| AVIATION MANAGEMENT INTERNATIONAL NEW | Compania Nationala Aeroporturi Bucuresti SA (ROU) · 494,904 EUR · 2026-08-10 | notice → |
| BES Digital NEW | JUDEȚUL SUCEAVA (ROU) · 1,424,620 RON · 2026-08-10 | notice → |
| TAMREX OHUTUSE OSAÜHING | Riigi Kaitseinvesteeringute Keskus (EST) · 200,000 EUR · 2026-08-10 | notice → |
| Dräger Safety AG & Co. KGaA | Stadt Nürnberg - Feuerwehr (FW/2) (DEU) · 695,596 EUR · 2026-08-10 | notice → |
| GAUZON IBERICA, S.L.U. NEW | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 379,606 EUR · 2026-08-10 | notice → |
| MBDA ESPAÑA SL NEW | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 29,666,400 · 2026-08-10 | notice → |
| PERFECTED s.r.o. | Město Kuřim (CZE) · 4,178,876 CZK · 2026-08-10 | notice → |
| SERVICIOS Y LOGISTICA DE RESCATE, S.L. NEW | Junta de Gobierno del Ayuntamiento de A Coruña (ESP) · 115,513 EUR · 2026-08-10 | notice → |
| SOLTEC PRO UNIFORMIDAD SL NEW | Junta de Gobierno del Ayuntamiento de Villajoyosa (ESP) · 62,810 EUR · 2026-08-10 | notice → |
| ITURRI, SA NEW | Estado Maior da Força Aérea (PRT) · 3,228,540 EUR · 2026-08-10 | notice → |
| Akori AB NEW | Luleå tekniska universitet (SWE) · Undisclosed · 2026-08-07 | notice → |
| AVON Protection NEW | Ministère de la Défense (BEL) · 11,224,893 EUR · 2026-08-07 | notice → |
| COMERCIAL EL CALDEN S.L. NEW | Subdirección General de Planificacion y Gestion de Infraestructuras y Medios para la Seguridad (ESP) · 2,439 EUR · 2026-08-07 | notice → |
| DE_Tony Brändle AG NEW | Gemeinde Reiden (CHE) · 474,326 CHF · 2026-08-07 | notice → |
| DEXIS BFL NEW | Mairie de Vincennes (FRA) · 1,600,000 EUR · 2026-08-07 | notice → |
| Leica Microsysteme Vertrieb GmbH NEW | Hessisches Polizeipräsidium für Technik (1) (DEU) · Undisclosed · 2026-08-07 | notice → |
| MAN Truck+Bus Deutschland GmbH | Gemeinde Seehausen a. Staffelsee (DEU) · 479,654 EUR · 2026-08-07 | notice → |
| Metallwerk Elisenhütte GmbH | Präsidium der Bayer. Bereitschaftspolizei (DEU) · Undisclosed · 2026-08-07 | notice → |
| PEYCAR PONTEVEDRA,S.L. | Junta de Gobierno del Ayuntamiento de A Coruña (ESP) · 5,600 EUR · 2026-08-07 | notice → |
| PROTEC SOLANA S.L. | Junta de Gobierno del Ayuntamiento de A Coruña (ESP) · 60,093 EUR · 2026-08-07 | notice → |
| PROTECT SECURITE | Mairie d'Ivry-sur-Seine (FRA) · 100,000 EUR · 2026-08-07 | notice → |
| Rheinmetall Landsysteme GmbH | HIL Heeresinstandsetzungslogistik GmbH (DEU) · Undisclosed · 2026-08-07 | notice → |
| Schmitz Feuerwehrtechnik GmbH | Stadt Altdorf b.Nürnberg (DEU) · 460,573 EUR · 2026-08-07 | notice → |
| SEC Trading S.R.O | Ministère de la Défense (BEL) · 19,750,005 EUR · 2026-08-07 | notice → |
| SOLUCIONES EMOGEST, S.L. NEW | Junta de Gobierno del Ayuntamiento de A Coruña (ESP) · 7,804 EUR · 2026-08-07 | notice → |
| Connexus Communications Ltd NEW | St James's Hospital (IRL) · 166,683 EUR · 2026-08-07 | notice → |
| Hanner & Hanniel, Lda NEW | Autoridade Nacional de Emergência e Proteção Civil (PRT) · 143,719 EUR · 2026-08-07 | notice → |
| Lukkokeskus Konserni Oy NEW | Rikosseuraamuslaitos (FIN) · 1,420,000 EUR · 2026-08-07 | notice → |
| STORIO Sp. z o.o. NEW | ZAKŁAD GOSPODARKI KOMUNALNEJ W WIELICZCE SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ (POL) · 725,400 PLN · 2026-08-07 | notice → |
| 1ST MEDICA S.R.L. | SPITAL CLINIC JUDETEAN DE URGENTA BIHOR (ROU) · 883,396 RON · 2026-08-06 | notice → |
| MIVO EHITUS OÜ NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 80,320 EUR · 2026-08-06 | notice → |
| Osaühing Tavern NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 22,950 EUR · 2026-08-06 | notice → |
| CZM Intermag Sp. z o.o. NEW | Służba Ochrony Państwa (POL) · 4,388,928 PLN · 2026-08-06 | notice → |
| EUROCERT Sp. z o.o. NEW | Zakład Ubezpieczeń Społecznych (POL) · 6,444,190 PLN · 2026-08-06 | notice → |
| Jttechnik Sp. z o.o. NEW | Miasto Katowice (POL) · 1,463,000 PLN · 2026-08-06 | notice → |
| Rheinmetall Waffe Munition | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-08-06 | notice → |
| Emergency One (UK) Limited NEW | Limerick City and County Council_103432 (IRL) · 1,087,285 EUR · 2026-08-06 | notice → |
Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.