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)
€7,209,167,991
Awards · 90d
1098
Distinct winners · 90d
748
NEW winners · 90d
534
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 | €3,557,859,383 | ▼ -78% |
| Military vehicles | €3,060,250,256 | ▲ +7460% |
| Security equipment | €493,234,075 | ▼ -58% |
| Weapons & ammunition | €84,997,215 | ▼ -95% |
| Military electronics | €12,042,107 | ▲ new |
| Warships & naval | €784,954 | ▲ new |
Top buyer-countries by awarded EUR
| Country | Awarded (90d) | vs prior |
|---|---|---|
| Poland | €3,327,111,551 | ▼ -39% |
| Denmark | €1,293,060,853 | ▼ -26% |
| Sweden | €830,281,554 | ▲ +207% |
| Netherlands | €352,442,269 | ▲ +634% |
| Romania | €208,306,980 | ▼ -56% |
| France | €188,904,977 | ▼ -80% |
| Spain | €175,551,992 | ▼ -10% |
| Norway | €169,576,810 | ▼ -61% |
| Belgium | €166,711,501 | ▲ +886% |
| Estonia | €132,008,262 | ▲ +53% |
| Czechia | €66,240,524 | ▼ -90% |
| Latvia | €46,152,937 | ▲ +171% |
| Germany | €42,849,899 | ▼ -85% |
| Slovenia | €37,987,218 | ▼ -88% |
| Italy | €35,144,988 | ▼ -66% |
The 10 biggest awards · last 90 days
| Winner | Buyer | Value (EUR) | Date | 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 → |
| JENOPTIK Benelux B.V. | Openbaar Ministerie (NLD) | €77,800,000 | 2026-07-01 | 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 · 459 winners)
Also: recent EU research-grant beneficiaries → · NATO-backed companies →
| Company | Award (buyer · value · date) | 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 → |
| Siemer Werft GmbH NEW | Logistik Zentrum Niedersachsen Landesbetrieb - Außenstelle Hannover (DEU) · 4 · 2026-07-14 | notice → |
| CROPVUE TECHNOLOGIES INC NEW | Instituto Nacional de Investigação Agrária e Veterinária, IP (PRT) · 135,850 EUR · 2026-07-14 | notice → |
| Atea AS (Hovedenhet) NEW | Haugesund Kommune (NOR) · 15,000,000 · 2026-07-14 | notice → |
| C&A Company Impex S.R.L. NEW | Academia de Politie Alexandru Ioan Cuza Bucuresti (ROU) · 978,000 · 2026-07-13 | notice → |
| Meridein Grupp OÜ NEW | Politsei- ja Piirivalveamet (EST) · 2,500,000 · 2026-07-13 | notice → |
| ZARYS INTERNATIONAL GROUP NEW | Spitalul Clinic de Urgenta pentru Copii "Sf.Maria" Iasi (ROU) · 204,120 · 2026-07-13 | notice → |
| Agnieszka Czekaj Firma Usługowo-Handlowa „ELEKTROBEK” NEW | TAURON Dystrybucja S. A. Oddział w Krakowie (POL) · 10,209,000 PLN · 2026-07-13 | notice → |
| ETZEL Behördenausstatter NEW | Generalzolldirektion Zentrale Beschaffungsstelle der Bundesfinanzverwaltung (DEU) · Undisclosed · 2026-07-13 | notice → |
| JUPER BAT, S.A. NEW | Euskal Trenbide Sarea - ETS - Euskal Trenbide Sarea (ESP) · 19,642 EUR · 2026-07-13 | notice → |
| Rohde & Schwarz Benelux B.V. | Ministerie van Defensie (NLD) · 804,300 EUR · 2026-07-13 | notice → |
| SIA "BALTIJAS BIROJU TEHNOLOĢIJAS" NEW | Valsts digitālās attīstības aģentūra (LVA) · 9,940 EUR · 2026-07-13 | notice → |
| Sioen Nederland B.V. NEW | Veiligheidsregio Brabant-Zuidoost (NLD) · 4,500,000 · 2026-07-13 | notice → |
| Technopol International, a.s. NEW | Hlavné mesto Slovenskej republiky Bratislava (SVK) · 261,659 · 2026-07-13 | notice → |
| THE SAFE GROUP BVBA NEW | Stad Hasselt (BEL) · 456,198 · 2026-07-13 | notice → |
| Arctic Container Oy NEW | Kymenlaakson hyvinvointialue / pelastuslaitos (FIN) · 250,000 EUR · 2026-07-13 | notice → |
| Paukatti Oy NEW | Puolustusvoimien logistiikkalaitos (FIN) · 333,945 EUR · 2026-07-13 | notice → |
| Surcom International B.V. | Ministerie van Defensie (NLD) · 3,050,000 EUR · 2026-07-13 | notice → |
| Brandschutztechnik NORD | Gemeinde Leck (über Amt Südtondern) (DEU) · Undisclosed · 2026-07-12 | notice → |
| Eqqus Ltd OÜ NEW | Nodrošinājuma valsts aģentūra (LVA) · 25,630 · 2026-07-11 | notice → |
| MOBIL SERVICE S.R.L. | Spitalul Clinic de Urgenta pentru Copii "Sf.Maria" Iasi (ROU) · 94,892 RON · 2026-07-10 | notice → |
| NAFKA GRUP S.R.L. | SPITALUL JUDETEAN DE URGENTA VALCEA (ROU) · 836,610 RON · 2026-07-10 | notice → |
| TZMO ROMANIA SRL NEW | SPITALUL JUDETEAN DE URGENTA VALCEA (ROU) · 2,488,699 RON · 2026-07-10 | notice → |
| UAB IZKADA NEW | Priešgaisrinės apsaugos ir gelbėjimo departamentas prie Vidaus reikalų ministerijos (LTU) · 157,025 EUR · 2026-07-10 | notice → |
| Cirro Sp. z o.o. | Śląski Uniwersytet Medyczny w Katowicach (POL) · 135,139 PLN · 2026-07-10 | notice → |
| SAS DIVE LYON NEW | SDIS 36 - Indre (FRA) · 780,000 EUR · 2026-07-10 | notice → |
| Domeyer GmbH & Co. KG NEW | Stadt Varel (DEU) · Undisclosed · 2026-07-10 | notice → |
| FANTOM-FW A. Miętkiewicz Spółka Komandytowa REGON: NEW | Śląski Uniwersytet Medyczny w Katowicach (POL) · 4,870 PLN · 2026-07-10 | notice → |
| FR_FairTex Group AG NEW | Centrale municipale d'achat et d'impression de la Ville de Genève (CHE) · 134,701 CHF · 2026-07-10 | notice → |
| FR_Wydler SA NEW | Centrale municipale d'achat et d'impression de la Ville de Genève (CHE) · 100,765 CHF · 2026-07-10 | notice → |
| Laerdal Medical Poland Sp. z o.o. | Śląski Uniwersytet Medyczny w Katowicach (POL) · 27,610 PLN · 2026-07-10 | notice → |
| Media Consulting Agency Irina Chicherina NEW | Województwo Mazowieckie (POL) · 160,992 PLN · 2026-07-10 | notice → |
| Spółdzielnia Inwalidów ELREMET | Komenda Główna Straży Granicznej (POL) · 19,048,518 PLN · 2026-07-10 | notice → |
| Caverion Norge AS (Hovedenhet) NEW | Forsvarsbygg (NOR) · 11,729,079 NOK · 2026-07-10 | notice → |
| KonDaTex Service AS NEW | Norwegian Police Shared Services (NOR) · 23,200,000 · 2026-07-10 | notice → |
| Festonia OÜ NEW | Riigi Kaitseinvesteeringute Keskus (EST) · 17,019 EUR · 2026-07-09 | notice → |
| «Ροή Ανώνυμος Εμπορική και Βιομηχανική Εταιρία» NEW | ΥΠΟΥΡΓΕΙΟ ΚΛΙΜΑΤΙΚΗΣ ΚΡΙΣΗΣ ΚΑΙ ΠΟΛΙΤΙΚΗΣ ΠΡΟΣΤΑΣΙΑΣ, ΓΕΝΙΚΗ ΓΡΑΜΜΑΤΕΙΑ ΠΟΛΙΤΙΚΗΣ ΠΡΟΣΤΑΣΙΑΣ, ΓΕΝΙΚΗ ΔΙΕΥΘΥΝΣΗ ΟΙΚΟΝΟΜΙΚΩΝ ΥΠΗΡΕΣΙΩΝ /ΔΙΕΥΘΥΝΣΗ ΠΡΟΜΗΘΕΙΩΝ/ Α΄ ΤΜΗΜΑ ΔΙΕΝΕΡΓΕΙΑΣ ΔΙΑΔΙΚΑΣΙΩΝ ΔΗΜΟΣΙΩΝ ΣΥΜΒΑΣΕΩΝ (GRC) · 451,600 EUR · 2026-07-09 | notice → |
| Bertin Alpao SAS NEW | Fraunhofer-Gesellschaft, Einkauf B12 (DEU) · Undisclosed · 2026-07-09 | notice → |
| Fabrica de Municiones de Granada S.L. NEW | Jefatura de Asuntos Económicos del Mando de Apoyo Logístico (ESP) · 35,894,670 · 2026-07-09 | notice → |
| GENTAS GmbH NEW | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-07-09 | notice → |
| Granitor Electro AB NEW | Lysekils kommun (SWE) · 15,000,000 · 2026-07-09 | notice → |
| S.A. IBERICA DE SUMINISTROS Y CONSTRUCCIONES IBERCO NEW | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 789,394 · 2026-07-09 | notice → |
| ITURRI S.A. | Dirección de Gestión Económica de la Jefatura de Apoyo Logístico de la Armada (ESP) · 3,368,950 · 2026-07-09 | notice → |
Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.