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 |
|---|---|---|
| PROSYSTEN SL NEW | Jefatura de la Sección Económico-Administrativa 27 - Base Aérea de Getafe (ESP) · 40,496 EUR · 2026-09-08 | notice → |
| Sabiedrība ar ierobežotu atbildību "Zemgales remonta centrs" NEW | Valsts aizsardzības loģistikas un iepirkumu centrs (LVA) · 3,034,711 · 2026-09-08 | notice → |
| VPSITEX | Métropole de Lyon (FRA) · 2,000,000 · 2026-09-08 | notice → |
| Helmet Integrated Systems Limited (trading as Gentex Europe) NEW | Ministerie van Defensie (NLD) · 13,000,000 · 2026-09-08 | notice → |
| Albert Ziegler Feuerschutz GmbH | Landkreis Helmstedt (DEU) · 395,595 EUR · 2026-09-07 | notice → |
| KELCOM International, spol. s r.o. | Ministerstvo vnitra ČR (CZE) · 18,703 CZK · 2026-09-07 | notice → |
| Nomad Grid Sp. z o.o. | TAURON Dystrybucja S.A. Oddział w Krakowie (POL) · 41,600,000 PLN · 2026-09-07 | notice → |
| Peter Schmitt GmbH NEW | Stadt Herten - Dezernat 2 - Rechtsamt - ZV (DEU) · Undisclosed · 2026-09-07 | notice → |
| POL-TEC GmbH & Co. KG | Bundesrepublik Deutschland, vertreten durch das Bundesministerium des Innern, vertreten durch das Beschaffungsamt des BMI (DEU) · 16,589,412 · 2026-09-07 | notice → |
| SteelRock Technologies Limited NEW | Bundesrepublik Deutschland, vertreten durch das Bundesministerium des Innern, vertreten durch das Beschaffungsamt des BMI (DEU) · Undisclosed · 2026-09-07 | notice → |
| EUROPAVIA – ESPAÑA NEW | Estado Maior da Força Aérea (PRT) · 126,453 EUR · 2026-09-07 | notice → |
| BENE COMMERCE trgovina, inženiring in storitve d.o.o., Ljubljana, Velnarjeva 1 NEW | MINISTRSTVO ZA OBRAMBO (SVN) · 630,875 · 2026-09-04 | notice → |
| Clemen & Jung OHG NEW | JVA Castrop-Rauxel Zentralstelle für das Beschaffungswesen im Justizvollzug (DEU) · 68,472 EUR · 2026-09-04 | notice → |
| Concept Sp. z o.o. NEW | Komenda Wojewódzka Państwowej Straży Pożarnej w Lublinie (POL) · 256,455 PLN · 2026-09-04 | notice → |
| Denzel Fireequipment GmbH & Co. KG NEW | Stadt Leonberg (DEU) · 491,115 EUR · 2026-09-04 | notice → |
| DuezElectrix NEW | Sectoral Procurement Directorate (MLT) · 135,945 EUR · 2026-09-04 | notice → |
| ELTIME A/S NEW | Vejen kommune (DNK) · 6,149,495 DKK · 2026-09-04 | notice → |
| INDUSTRIAL GLOBAL SUPPLY, SL. NEW | Jefatura de la Sección Económico-Administrativa 27 - Base Aérea de Getafe (ESP) · 112,780 EUR · 2026-09-04 | notice → |
| LA LOGGIA SPORT S.R.L. NEW | Comune di Prato (ITA) · 904,918 · 2026-09-04 | notice → |
| PROVAR, proizvodnja, trgovina in storitve, d.o.o. NEW | MINISTRSTVO ZA NOTRANJE ZADEVE (SVN) · 15,435 EUR · 2026-09-04 | notice → |
| Siemens Healthineers AG NEW | Universitätsklinikum Halle (Saale) AöR (DEU) · 414,185 EUR · 2026-09-04 | notice → |
| VEOLIA EAU - COMPAGNIE GENERALE DES EAUX NEW | Communauté Urbaine Le Creusot - Montceau (FRA) · 264,000 · 2026-09-04 | notice → |
| W+R Schirmungstechnik GmbH NEW | Logistik Zentrum Niedersachsen Landesbetrieb - Außenstelle Hannover (DEU) · 360,000 EUR · 2026-09-04 | notice → |
| Biuro uslug Komputerowych Softres Sp. z o.o. NEW | Gmina Sędziszów Małopolski (POL) · 1,673,000 PLN · 2026-09-04 | notice → |
| Matriks AS NEW | Oslo Universitetssykehus HF (hovedenhet) (NOR) · 11,000,000 NOK · 2026-09-04 | notice → |
| АДИМЕКС 2000 ООД NEW | СТОЛИЧЕН ЕЛЕКТРОТРАНСПОРТ ЕАД (BGR) · 315,468 EUR · 2026-09-03 | notice → |
| Bitera Solutions | INSPECTORATUL PENTRU SITUATII DE URGENTA "MIHAIL STURDZA" AL JUDETULUI IASI (ROU) · 164,450 RON · 2026-09-03 | notice → |
| CENTRUM ZABEZPIECZENIA KRYZYSOWEGO SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ NEW | Gmina Bogatynia (POL) · 622,183 PLN · 2026-09-03 | notice → |
| DRS Network & Imaging Systems, LLC NEW | FMV (SWE) · 1,184,000 SEK · 2026-09-03 | notice → |
| FIOCCHI MUNIZIONI SPA | Comando Generale della Guardia di Finanza (ITA) · 553,082 EUR · 2026-09-03 | notice → |
| FR_LARAG SA Echandens NEW | Centrale municipale d'achat et d'impression de la Ville de Genève (CHE) · 107,883 CHF · 2026-09-03 | notice → |
| INSTALAZA, S.A. NEW | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 21,612,437 · 2026-09-03 | notice → |
| SAGRES S.L. | Consejo de Administración de la Autoridad Portuaria de Las Palmas (ESP) · 502,602 EUR · 2026-09-03 | notice → |
| SITES NEW | RTE Réseau de Transport d'Electricité (FRA) · 2,800,000 EUR · 2026-09-03 | notice → |
| TRAX elektronik A. Moryc, M. Tomecki, M. Peter-Turczyńska spółka jawna NEW | Generalna Dyrekcja Dróg Krajowych i Autostrad (POL) · 696,925 PLN · 2026-09-03 | notice → |
| ProReNata AB NEW | Uppsala kommun (SWE) · 3,000,000 SEK · 2026-09-03 | notice → |
| Survival-One Limited NEW | Ministerie van Defensie (NLD) · 2,200,000 · 2026-09-03 | notice → |
| AMCO ΟΛΟΚΛΗΡΩΜΕΝΑ ΣΥΣΤΗΜΑΤΑ ΥΨΗΛΗΣ ΤΕΧΝΟΛΟΓΙΑΣ ΑΝΩΝΥΜΗ ΒΙΟΜΗΧΑΝΙΚΗ ΚΑΙ ΕΜΠΟΡΙΚΗ ΕΤΑΙΡΕΙΑ | Δήμος Ξυλοκάστρου-Ευρωστίνης (GRC) · 354,567 EUR · 2026-09-02 | notice → |
| ADZO NEW | Ecole centrale de Lyon (FRA) · 195,000 EUR · 2026-09-02 | notice → |
| BERETTA BENELLI IBERICA S.A. | Junta de Contratación del Ministerio de Defensa (ESP) · 12,328,200 · 2026-09-02 | notice → |
| BERICAH S,p.A. | SoReSa SPA (ITA) · 117,045 · 2026-09-02 | notice → |
| Blyth s.r.o. NEW | Centrum výzkumu Řež s.r.o. (CZE) · 3,000,000 · 2026-09-02 | notice → |
| BOS Mobile-Systeme GmbH & Co. KG NEW | Kreisfeuerwehrverband Nordfriesland (DEU) · 247,265 EUR · 2026-09-02 | notice → |
| BRENN telematic s.r.o. NEW | Statutární město Brno, městská část Brno-Černovice (CZE) · 2,462,894 CZK · 2026-09-02 | notice → |
| CAMP NEW | MINISTERO INTERNO (ITA) · 980,000 EUR · 2026-09-02 | notice → |
| MOVO, družba za zastopanje, trgovino in storitve, d.o.o. NEW | MINISTRSTVO ZA OBRAMBO (SVN) · 1,108,057 EUR · 2026-09-02 | notice → |
| ROSOMAK SPÓŁKA AKCYJNA | 1 REGIONALNA BAZA LOGISTYCZNA (POL) · 960,600 PLN · 2026-09-02 | notice → |
| Sabiedrība ar ierobežotu atbildību "3A" NEW | Valsts akciju sabiedrība "Latvijas dzelzceļš" (LVA) · 4,963,270 EUR · 2026-09-02 | notice → |
| Santa Bárbara Sistemas, S.A.U. NEW | Jefatura de Asuntos Económicos del Mando de Apoyo Logístico (ESP) · 8,000,000 · 2026-09-02 | notice → |
| Selcom SpA | Enel Italia SpA in nome e per conto do e-Distribuzione SpA (ITA) · 746,204 EUR · 2026-09-02 | notice → |
Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.