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 |
|---|---|---|
| ANV Lukkopalvelu Oy NEW | Salon kaupunki (FIN) · 1,000,000 · 2026-09-02 | notice → |
| PRZEDSIĘBIORSTWO DORADCZO-HANDLOWE CON-SPARK SP. Z O.O. NEW | Oddział Wojewódzki Związku Ochotniczych Straży Pożarnych Rzeczypospolitej Polskiej Województwa Opolskiego (POL) · 868,663 PLN · 2026-09-02 | notice → |
| Eurosec OÜ | Päästeamet (EST) · 610,000 · 2026-09-01 | notice → |
| Alpine Fox Deutschland GmbH | JVA Castrop-Rauxel Zentralstelle für das Beschaffungswesen im Justizvollzug (DEU) · 187,660 EUR · 2026-09-01 | notice → |
| Aspironix POLSKA Sp. z o.o. | Samodzielny Publiczny Zakład Opieki Zdrowotnej - Szpital Uniwersytecki nr 2 im. dr Jana Biziela w Bydgoszczy (POL) · 2,672,646 PLN · 2026-09-01 | notice → |
| AUTOMATION CONCEPT CREATION ELECTRONIC SECURITY SYSTEM NEW | Université Libre de Bruxelles (BEL) · 539,988 EUR · 2026-09-01 | notice → |
| Ballyclare B.V. | Veiligheidsregio Zeeland (NLD) · 350,000 · 2026-09-01 | notice → |
| Careium Sweden AB NEW | Umeå kommun (SWE) · 30,125 SEK · 2026-09-01 | notice → |
| Domeyer GmbH & Co. KG | Landkreis Stade (DEU) · Undisclosed · 2026-09-01 | notice → |
| Experts for Fire Safety NEW | La Sambrienne (BEL) · 393,560 EUR · 2026-09-01 | notice → |
| LEICA GEOSYSTEMS S.L. NEW | Rectorado de la Universidad de Granada (ESP) · 142,580 EUR · 2026-09-01 | notice → |
| MIIM UNIFORMIDAD TECNICA SL | Junta de Gobierno del Ayuntamiento de Granada (ESP) · 8,000 EUR · 2026-09-01 | notice → |
| SIA "FN-SERVISS" NEW | Valsts ugunsdzēsības un glābšanas dienests (LVA) · 100,000 EUR · 2026-09-01 | notice → |
| UTE DETECCION, TECNOLOGIA Y CONTROL, S.L. Y ALGON SERVICIOS PROFESIONALES S.L.U. | Dirección de la Agencia Tributaria Canaria (ESP) · 179,418 EUR · 2026-09-01 | notice → |
| UTE INNOVACIONES TECNOLÓGICAS DEL SUR, S.L.-MASS SECURITY SOLUTIONS, S.L. NEW | Junta de Gobierno Local del Ayuntamiento de Alcalá de Guadaíra (ESP) · 132,332 EUR · 2026-09-01 | notice → |
| W. Schmitt GmbH Feuerwehrtechnik NEW | Landeshauptstadt Saarbrücken, , Amt für Brand- und Bevölkerungsschutz (DEU) · 276,426 EUR · 2026-09-01 | notice → |
| ACG Pulse AB NEW | Region Skåne, Koncernstab inköp och ekonomistyrning (SWE) · 6,435,000 · 2026-09-01 | notice → |
| Ahlsell Norge AS (hovedenhet) NEW | NGIR IKS (NOR) · 5,000,000 · 2026-09-01 | notice → |
| ICM A/S NEW | Forsvarsministeriets Materiel- og Indkøbsstyrelse (DNK) · 70,000,000 · 2026-09-01 | notice → |
| MBDA France SAS NEW | Danish Ministry of Defence Acquisition and Logistics Organisation (DNK) · 106,987,000 EUR · 2026-09-01 | notice → |
| SL METAL CREATIONS LTD | ΕΠΑΡΧΙΑΚΗ ΔΙΟΙΚΗΣΗ ΠΑΦΟΥ (CYP) · 42,830 EUR · 2026-08-31 | notice → |
| MOTEXCO NEW | Ministerul Apararii - Unitatea Militara 02550 Bucuresti (ROU) · 36,367,119 RON · 2026-08-31 | notice → |
| POP INDUSTRY NEW | INSPECTORATUL DE JANDARMI JUDETEAN VASLUI (ROU) · 665,071 RON · 2026-08-31 | notice → |
| STIMPEX | Ministerul Apararii - Unitatea Militara 02550 Bucuresti (ROU) · 52,856,112 RON · 2026-08-31 | notice → |
| DATALAN, a.s. NEW | Ministerstvo školstva, výskumu, vývoja a mládeže Slovenskej republiky (SVK) · 4,687,398 EUR · 2026-08-31 | notice → |
| DILECTRO Sp. z o.o. NEW | Ochotnicza Straż Pożarna w Dębem Wielkim (POL) · 97,777 PLN · 2026-08-31 | notice → |
| EKONERG d.o.o. NEW | LUČKA UPRAVA DUBROVNIK (HRV) · 242,300 EUR · 2026-08-31 | notice → |
| ELECNOR SEGURIDAD, S.L. | Junta de Gobierno del Ayuntamiento de San Pedro del Pinatar (ESP) · 410,130 EUR · 2026-08-31 | notice → |
| ELTES,s.r.o. | Správa státních hmotných rezerv (CZE) · 2,398,039 CZK · 2026-08-31 | notice → |
| EMS PARTNER Spółką z ograniczoną odpowiedzialnością NEW | Naukowa i Akademicka Sieć Komputerowa - Państwowy Instytut Badawczy (POL) · 963,016 PLN · 2026-08-31 | notice → |
| EN_Weibel Scientific A/S NEW | Federal Office for Defence Procurement, armasuisse (CHE) · 12,157,584 CHF · 2026-08-31 | notice → |
| Energy Power Systems Sp. z o.o. NEW | Komenda Wojewódzka Państwowej Straży Pożarnej w Łodzi (POL) · 2,447,700 PLN · 2026-08-31 | notice → |
| Frank-Cars Sp. z o. o. | Biebrzański Park Narodowy (POL) · 254,979 PLN · 2026-08-31 | notice → |
| Giebeler Feuerschutz GmbH | Magistrat der Stadt Kelkheim (Taunus) (DEU) · Undisclosed · 2026-08-31 | notice → |
| Gutenberg Druck & Medien GmbH NEW | Generalzolldirektion Zentrale Beschaffungsstelle der Bundesfinanzverwaltung (DEU) · Undisclosed · 2026-08-31 | notice → |
| Kraft HD Zártkörűen Működő Részvénytársaság NEW | Védelmi Beszerzési Ügynökség Zártkörűen Működő Részvénytársaság (HUN) · 95,000,000 HUF · 2026-08-31 | notice → |
| MARSAVE MALLORCA, SLU NEW | Junta de Gobierno Local de l'Ajuntament d'Artà (ESP) · 670,950 EUR · 2026-08-31 | notice → |
| MEDICAL SIMULATOR, S.L. NEW | Rectorado de la Universidad de Zaragoza (ESP) · 564,420 EUR · 2026-08-31 | notice → |
| NTS Italy Srl NEW | CINECA Consorzio Interuniversitario (ITA) · 1,012,378 EUR · 2026-08-31 | notice → |
| PEYCAR PONTEVEDRA,S.L. | Presidencia de la Diputación Provincial de A Coruña (ESP) · 989,801 EUR · 2026-08-31 | notice → |
| PROMOTEQ i Sandviken Aktiebolag NEW | FMV (SWE) · Undisclosed · 2026-08-31 | notice → |
| "RS", PROIZVODNO TRGOVAČKI OBRT, VL. ROMAN ŠPIRELJA NEW | GRAD ZAGREB (HRV) · 364,999 EUR · 2026-08-31 | notice → |
| Sabiedrība ar ierobežotu atbildību "PURON" NEW | Valsts sabiedrība ar ierobežotu atbildību "Šampētera nams" (LVA) · 1,000,000 EUR · 2026-08-31 | notice → |
| Sellier & Bellot Int. a.s. | Ministerstvo vnitra (CZE) · 1,384,600 · 2026-08-31 | notice → |
| Suyfa Defence, S.L. | Intendente de las Palmas (ESP) · 515,842 · 2026-08-31 | notice → |
| TOTEM SEGURIDAD S.L. NEW | Gobierno Vasco - Justicia y Derechos Humanos (ESP) · 1,275,000 EUR · 2026-08-31 | notice → |
| UTE SUYFA DARLIM NEW | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 3,368,950 · 2026-08-31 | notice → |
| WEBO.SI zaščitna oprema in ekologija d.o.o. | LUKA KOPER, pristaniški in logistični sistem, delniška družba (SVN) · 4,211 EUR · 2026-08-31 | notice → |
| ELECTRONIC TRAFIC SA Y PORTILLO TELECOMUNICACIONES UNION TEMPORAL DE EMPRESAS LEY 18/1982 DE 26 DE MAYO NEW | Empresa Municipal de Transportes de Madrid, S.A. (ESP) · 1,079,057 EUR · 2026-08-30 | notice → |
| INVICTUS FORCE & SAFE | Unitatea Militara 0251 Bucuresti (ROU) · 4,900 · 2026-08-28 | notice → |
Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.