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 |
|---|---|---|
| VETRO Verkehrselektronik GmbH | Region Hannover (DEU) · 291,623 EUR · 2026-07-31 | notice → |
| ENCO ΕΠΕ ΕΞΟΠΛΙΣΜΟΣ ΚΑΙ ΣΥΣΤΗΜΑΤΑ ΠΕΡΙΒΑΛΛΟΝΤΙΚΩΝ ΕΝΕΡΓΕΙΑΚΩΝ ΜΕΤΡΗΣΕΩΝ ΚΑΙ ΠΟΙΟΤΙΚΟΥ ΕΛΕΓΧΟΥ NEW | ΕΙΔΙΚΟΣ ΛΟΓΑΡΙΑΣΜΟΣ ΚΟΝΔΥΛΙΩΝ ΕΡΕΥΝΑΣ ΠΑΝΕΠΙΣΤΗΜΙΟΥ ΔΥΤΙΚΗΣ ΜΑΚΕΔΟΝΙΑΣ (GRC) · 237,238 EUR · 2026-07-30 | notice → |
| Trigent Ehitustehnika OÜ NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 21,980 EUR · 2026-07-30 | notice → |
| Aaronia AG NEW | D.LIVE GmbH & Co. KG (DEU) · 1 EUR · 2026-07-30 | notice → |
| BARRO Bootsbau GmbH NEW | Stadt Passau (DEU) · 226,748 EUR · 2026-07-30 | notice → |
| HARFANG EVENEMENTS NEW | Port autonome de Strasbourg (FRA) · 217,000 · 2026-07-30 | notice → |
| SIA MON projekts NEW | Jelgavas valstspilsētas pašvaldība (LVA) · 16,200 EUR · 2026-07-30 | notice → |
| Precision Technic Defence A/S | Forsvarsministeriets Materiel- og Indkøbsstyrelse (DNK) · 1,554,660 USD · 2026-07-30 | notice → |
| AXEL PROJECT SRL | Inspectoratul General pentru Situatii de Urgenta (ROU) · 3,046,000 RON · 2026-07-29 | notice → |
| Europrotect Safety SRL | Unitatea de Logistică și Achiziții Centralizate a Poliției Penitenciare (ROU) · 19,940,134 RON · 2026-07-29 | notice → |
| INVICTUS FORCE & SAFE | Inspectoratul General pentru Situatii de Urgenta (ROU) · 327,208 EUR · 2026-07-29 | notice → |
| LASER ART S.R.L. | Unitatea de Logistică și Achiziții Centralizate a Poliției Penitenciare (ROU) · 312,949 RON · 2026-07-29 | notice → |
| S.C. MESSYSTECH S.R.L. S.R.L. NEW | ADMINISTRATIA NATIONALA APELE ROMANE (ROU) · 819,122 RON · 2026-07-29 | notice → |
| S.C. NERAMO DISTRIBUTION S.R.L. | BAZA DE APROVIZIONARE, GOSPODARIRE SI REPARATII (ROU) · 1,156,809 RON · 2026-07-29 | notice → |
| S&G COMERCIAL | INSPECTORATUL GENERAL AL POLITIEI DE FRONTIERA (ROU) · 1,046,808 RON · 2026-07-29 | notice → |
| CPA, izobraževanje, prodaja in storitve, d.o.o. NEW | MINISTRSTVO ZA OBRAMBO (SVN) · 429,740 EUR · 2026-07-29 | notice → |
| Henrich Sonnenschein - ITSK | Ministerstvo vnútra Slovenskej republiky (SVK) · 8,250 EUR · 2026-07-29 | notice → |
| HÖRMANN Warnsysteme GmbH | Große Kreisstadt Horb am Neckar (DEU) · 364,500 · 2026-07-29 | notice → |
| Konica Minolta Business Solutions Polska Sp. z o.o., NEW | Górnośląskie Centrum Medyczne im. prof. Leszka Gieca Śląskiego Uniwersytetu Medycznego w Katowicach (POL) · 2,459,329 PLN · 2026-07-29 | notice → |
| MANIAC GYM A.B.H. Leszczyńscy spółka cywilna NEW | Miejskie Centrum "Polesie" w Łodzi (POL) · 83,500 PLN · 2026-07-29 | notice → |
| Ute Deteccion, Tecnologia Y Control, S.L. Y Algon Servicios Profesionales S.L.U. NEW | Dirección General de Racionalización y Centralización de la Contratación-Junta de Contratación Centralizada (ESP) · 129,465 EUR · 2026-07-29 | notice → |
| OÜ Sapling Capital NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 90,000 EUR · 2026-07-28 | notice → |
| Strobil OÜ NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 80,000 EUR · 2026-07-28 | notice → |
| Brandschutztechnik Müller GmbH | Magistrat der Stadt Kassel (DEU) · 133,859 EUR · 2026-07-28 | notice → |
| ETABLISSEMENTS DESCOURS ET CABAUD PROVENCE ALPES COTE D AZUR NEW | Grand Avignon (FRA) · 1,742,800 · 2026-07-28 | notice → |
| EUROFEU SERVICES | CROUS NICE-TOULON (FRA) · 335,000 · 2026-07-28 | notice → |
| FireCat Group, pametne rešitve za oblačila, d.o.o. | MINISTRSTVO ZA OBRAMBO (SVN) · 14,513,013 · 2026-07-28 | notice → |
| Giebeler Feuerschutz GmbH & Co. KG | Universitätsstadt Siegen (DEU) · 687,750 EUR · 2026-07-28 | notice → |
| KH servis a.s. | Technologie hlavního města Prahy, a.s. (CZE) · 6,003,180 CZK · 2026-07-28 | notice → |
| MOTO-TRUCK Sp.z.o.o. | GMINA MACIEJOWICE (POL) · 1,709,700 PLN · 2026-07-28 | notice → |
| P.P.U.H. PROENER DAMIAN ŁYSZCZARZ NEW | TAURON Dystrybucja Spółka Akcyjna Oddział w Częstochowie (POL) · 17,010,000 PLN · 2026-07-28 | notice → |
| Pichadey Protection NEW | Ville de Pessac (FRA) · 720,000 · 2026-07-28 | notice → |
| PRECISIÓN AÉREA INNOVACIÓN Y NUEVAS TECNOLOGÍAS, S.L. NEW | Dirección de la Fundación para la Internacionalización de las Administraciones Públicas (ESP) · 215,320 EUR · 2026-07-28 | notice → |
| SEGURIDAD HISPÁNICA DE VIGILANCIA Y PROTECCIÓN, S.L. NEW | Consejería Insular de Presidencia, Administración y Servicio Público, Planificación Territorial y Patrimonio Histórico del Cabildo Insular de Tenerife (ESP) · 732,046 EUR · 2026-07-28 | notice → |
| SIA NT Force | Valsts aizsardzības loģistikas un iepirkumu centrs (LVA) · 1,104,545 EUR · 2026-07-28 | notice → |
| Ziegler Textil GmbH | Logistik Zentrum Niedersachsen - Landesbetrieb (DEU) · Undisclosed · 2026-07-28 | notice → |
| Dafo Brand Aktiebolag | Myndigheten för Civilt Försvar (SWE) · 35,000,000 · 2026-07-28 | notice → |
| ANTIK Telecom s.r.o. | Mestská časť Košice - Sídlisko KVP (SVK) · 241,220 EUR · 2026-07-27 | notice → |
| Carl Walther GmbH & Co., Produktions KG NEW | Landesamt für Zentrale Polizeiliche Dienste Nordrhein-Westfalen (DEU) · Undisclosed · 2026-07-27 | notice → |
| Claymore Groblewscy spółka jawna NEW | 1 REGIONALNA BAZA LOGISTYCZNA (POL) · 5,070,242 PLN · 2026-07-27 | notice → |
| L&C Labortechnik GmbH NEW | Technische Universität Berlin (DEU) · 1,122,922 EUR · 2026-07-27 | notice → |
| PCS spol. s r.o. | Ministerstvo spravedlnosti (CZE) · 169,000 CZK · 2026-07-27 | notice → |
| PIELCU, S.L. NEW | Jefatura de Asuntos Económicos de la Guardia Civil (ESP) · 749,500 EUR · 2026-07-27 | notice → |
| PROTEKTA d.o.o. NEW | REPUBLIKA HRVATSKA MINISTARSTVO OBRANE (HRV) · 373,880 EUR · 2026-07-27 | notice → |
| SAPIAN NEW | Service départemental d'incendie et de secours des Yvelines (FRA) · 560,000 · 2026-07-27 | notice → |
| Texport Handelsgesellschaft mbH NEW | Stadt Frankfurt am Main, Branddirektion (DEU) · Undisclosed · 2026-07-27 | notice → |
| VDP SAFETY NEW | Police Fédérale (BEL) · 312,642 · 2026-07-27 | notice → |
| AMBAR TELECOMUNICACIONES, S.L. NEW | Presidencia del Consejo de Administración de la Autoridad Portuaria de Barcelona (PORT DE BARCELONA) (ESP) · 59,539 EUR · 2026-07-26 | notice → |
| Lardas Trading Limited NEW | Τμήμα Δασών (CYP) · 372,384 EUR · 2026-07-24 | notice → |
| Akciju sabiedrība "CAPITAL" | Valsts digitālās attīstības aģentūra (LVA) · 44,357 EUR · 2026-07-24 | notice → |
Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.