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 |
|---|---|---|
| Dura Vermeer Heyma BV NEW | Rijksvastgoedbedrijf (NLD) · 48,288,129 EUR · 2026-07-20 | notice → |
| EBONE SERVICIOS EDUCACIÓN DEPORTE S.L. NEW | Delegación Provincial de la Consejería de Bienestar Social en Albacete (ESP) · 75,020 EUR · 2026-07-20 | notice → |
| G.B.S. Handelsgesellschaft mbH | Polizeipräsidium für Service und IT (DEU) · Undisclosed · 2026-07-20 | notice → |
| Global Logistics Support GmbH | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-07-20 | notice → |
| safim dexis NEW | Ville de Mérignac (FRA) · 1,320,000 · 2026-07-20 | notice → |
| SPIE City Networks NEW | Société SAPN (FRA) · 375,110 EUR · 2026-07-20 | notice → |
| Συστήματα Ελέγχου ΤΑΚΗΣ Γ. ΖΑΡΙΦΟΠΟΥΛΟΣ Ανώνυμος Εταιρεία - Ιδιωτική Επιχείρηση Παροχής Υπηρεσιών Ασφαλείας | Πανεπιστήμιο Πατρών (GRC) · 199,997 EUR · 2026-07-17 | notice → |
| Acecho Seguridad, S.L. NEW | Junta de Contratación del Ejercito del Aire (ESP) · 2,823,912 · 2026-07-17 | notice → |
| CLIBARCA, S.L. NEW | Rectorado de la Universidad de Cádiz (ESP) · 39,657 EUR · 2026-07-17 | notice → |
| Davis Daten- und Videosysteme GmbH NEW | Generalzolldirektion Zentrale Beschaffungsstelle der Bundesfinanzverwaltung (DEU) · Undisclosed · 2026-07-17 | notice → |
| HERAS B.V. NEW | European Commission, DG JRC - Joint Research Centre (NLD) · 863,000 EUR · 2026-07-17 | notice → |
| INCENDIE PROTECTION SECURITE | Ville de Saint-Genis-Laval (FRA) · 1,460,000 · 2026-07-17 | notice → |
| ITS Solutions sp. z o. o. NEW | Komenda Wojewódzka Państwowej Straży Pożarnej w Krakowie (POL) · 1,259,500 PLN · 2026-07-17 | notice → |
| MP DICLESA, S.L. NEW | Delegación Provincial de la Consejería de Bienestar Social en Albacete (ESP) · 186,662 EUR · 2026-07-17 | notice → |
| Politechnika Gdańska Centrum Technologii Bezpieczeństwa i Obronności NEW | Komenda Portu Wojennego Świnoujście (POL) · 3,374,751 PLN · 2026-07-17 | notice → |
| Przedsiębiorstwo Odzieżowe DRWAL Adam Zieliński NEW | 3 Regionalna Baza Logistyczna (POL) · 1,387,000 PLN · 2026-07-17 | notice → |
| Sabiedrība ar ierobežotu atbildību "AR TEXTIL" | Rīgas valstspilsētas pašvaldības Centrālās administrācijas Iepirkumu pārvalde (LVA) · 319 EUR · 2026-07-17 | notice → |
| SEROVIAL, S.L NEW | Alcaldia del Ayuntamiento de Ontinyent (ESP) · 115,702 EUR · 2026-07-17 | notice → |
| TECHNIA, spol. s r.o. NEW | Finančné riaditeľstvo Slovenskej republiky (SVK) · 238,000 EUR · 2026-07-17 | notice → |
| Thales Deutschland GmbH | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-07-17 | notice → |
| Total Ekip S.L. NEW | Delegación Provincial de la Consejería de Bienestar Social en Albacete (ESP) · 71,376 EUR · 2026-07-17 | notice → |
| CONFECÇÕES SÃO GREGÓRIO, LDA. NEW | Guarda Nacional Republicana (PRT) · 640,948 EUR · 2026-07-17 | notice → |
| Turvata Oy Ab NEW | Länsi-Uudenmaan hyvinvointialue (FIN) · 300,000 EUR · 2026-07-17 | notice → |
| EVOLUTION PROJECTS A.E. | ΔΗΜΟΣ ΙΑΣΜΟΥ (GRC) · 220,877 EUR · 2026-07-16 | notice → |
| ΕΛΛΗΝΙΚΗ ΒΙΟΜΗΧΑΝΙΑ ΠΕΡΙΒΑΛΛΟΝΤΙΚΩΝ ΣΥΣΤΗΜΑΤΩΝ - ΑΝΩΝΙΜΗ ΕΜΠΟΡΙΚΗ - ΒΙΟΜΗΧΑΝΙΚΗ ΕΤΑΙΡΕΙΑ ΑΕΒΕ NEW | ΔΗΜΟΣ ΑΛΕΞΑΝΔΡΕΙΑΣ (GRC) · 275,749 EUR · 2026-07-16 | notice → |
| BERETTA BENELLI IBERICA S.A. | Jefatura de Asuntos Económicos de la Guardia Civil (ESP) · 416,400 EUR · 2026-07-16 | notice → |
| Datacomp s.r.o. | Hotelová akadémia Ľudovíta Wintera, Stromová 34, Piešťany (SVK) · 392,516 EUR · 2026-07-16 | notice → |
| Hytrans Systems B.V. | BwFuhrparkService GmbH (DEU) · Undisclosed · 2026-07-16 | notice → |
| NEWSPORTS NEW | COMMUNE D'ISTRES (FRA) · 940,000 EUR · 2026-07-16 | notice → |
| RIVOLIER SAS | Ministère de l'Intérieur / DEPAFI / SAILMI (FRA) · 7,990,455 EUR · 2026-07-16 | notice → |
| Sainsel Sistemas Navales S.A.U NEW | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 785,822 EUR · 2026-07-16 | notice → |
| SNEF | Musée des Confluences (FRA) · 4,880,000 · 2026-07-16 | notice → |
| Profkom Sp. z o.o. NEW | Gmina Biała Piska (POL) · 892,980 PLN · 2026-07-16 | 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 → |
| ADTEL SISTEMAS DE SEGURIDAD S.L. NEW | Barcelona d’Infraestructures Municipals, SA (ESP) · 2,000,000 · 2026-07-15 | notice → |
| Consel Group AG | Stadtverwaltung Neuwied (DEU) · 584,573 EUR · 2026-07-15 | notice → |
| DE_Supercomputing Systems AG NEW | Stadtpolizei Winterthur (CHE) · 2,297,125 CHF · 2026-07-15 | notice → |
| FAMILIA GUERRERO GALLO SLU NEW | Rectorado de la Universidad de Cádiz (ESP) · 182,271 EUR · 2026-07-15 | notice → |
| FN Herstal | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-07-15 | notice → |
| KERSCHOFFSET d.o.o. NEW | REPUBLIKA HRVATSKA MINISTARSTVO OBRANE (HRV) · 20,359 EUR · 2026-07-15 | notice → |
| Torfal, Lda. | Guarda Nacional Republicana (PRT) · 26,486 EUR · 2026-07-15 | notice → |
| HELVE AVIATECH NEW | Comuna Tiganasi (Primaria Comunei Tiganasi) (ROU) · 1,634,988 RON · 2026-07-14 | notice → |
| Axians Italia NEW | Sicilia Digitale S.p.A. (ITA) · 1,689,482 EUR · 2026-07-14 | notice → |
| Electricité Wagner SA NEW | Administration Communale de Rosport-Mompach (LUX) · Undisclosed · 2026-07-14 | notice → |
| HM Elektronikai, Logisztikai és Vagyonkezelő Zártkörűen Működő Részvénytársaság | Védelmi Beszerzési Ügynökség Zártkörűen Működő Részvénytársaság (HUN) · 269,027,900 HUF · 2026-07-14 | notice → |
| Iturri Feuerwehr- und Umwelttechnik GmbH NEW | Ennepe-Ruhr-Kreis (DEU) · 516,621 EUR · 2026-07-14 | notice → |
| MURER-Feuerschutz GmbH | Landkreis Göttingen (DEU) · 255,215 EUR · 2026-07-14 | notice → |
| Niemöller & Abel GmbH & Co. KG. NEW | Landeshauptstadt Düsseldorf, Der Oberbürgermeister, Amt für Recht, Vergabe und Versicherungen, Zentrale Vergabestelle (DEU) · Undisclosed · 2026-07-14 | notice → |
| PERUNIKA VARNOST, trgovina in storitve, d.o.o. NEW | MINISTRSTVO ZA OBRAMBO (SVN) · 103,110 · 2026-07-14 | notice → |
| Sabiedrība ar ierobežotu atbildību "NORVEKS SPORTS LV" NEW | Nodrošinājuma valsts aģentūra (LVA) · 9,000 · 2026-07-14 | notice → |
Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.