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 |
|---|---|---|
| NXO FRANCE NEW | Voies navigables de France (FRA) · 10,858,287 EUR · 2026-07-09 | notice → |
| SIOEN France NEW | SDIS (17) (FRA) · 4,400 · 2026-07-09 | notice → |
| Groenendijk bedrijfskleding b.v. NEW | Ministerie van Defensie (NLD) · 20,000,000 · 2026-07-09 | notice → |
| CODUPAL S.A.S. NEW | SDIS (84) (FRA) · 154,252 EUR · 2026-07-08 | notice → |
| FLORIAN, s.r.o. NEW | Automobilové opravovne Ministerstva vnútra Slovenskej republiky, a. s. (SVK) · Undisclosed · 2026-07-08 | notice → |
| GMV AEROSPACE AND DEFENCE, S.A.U NEW | Jefatura de Asuntos Económicos del Mando de Apoyo Logístico (ESP) · 6,611,570 · 2026-07-08 | notice → |
| Innovación Global De Seguridad,S.A. NEW | Dirección General de Racionalización y Centralización de la Contratación-Junta de Contratación Centralizada (ESP) · 116,526 EUR · 2026-07-08 | notice → |
| TESPOL Sp. z o.o. NEW | Izba Administracji Skarbowej w Lublinie (POL) · 1,000,000 PLN · 2026-07-08 | notice → |
| Würth Oy NEW | Hansel Oy (FIN) · 180,000 EUR · 2026-07-08 | notice → |
| Baltyre Eesti AS | Riigi Kaitseinvesteeringute Keskus (EST) · 206,100 EUR · 2026-07-07 | notice → |
| Euroelektronika NEW | Valstybės sienos apsaugos tarnyba prie Lietuvos Respublikos vidaus reikalų ministerijos (LTU) · 4,348,081 EUR · 2026-07-07 | notice → |
| Rolls-Royce plc | Puolustusvoimat (FIN) · 5,154,072 EUR · 2026-07-07 | notice → |
| V MATTHEW AND SONS LTD NEW | Υπουργείο Άμυνας (CYP) · 154,561 EUR · 2026-07-07 | notice → |
| EUROSOC Sp. z o.o. NEW | Instytut „Centrum Zdrowia Matki Polki” (POL) · 610,449 PLN · 2026-07-07 | notice → |
| HAKO Sp. z o. o. - zad. 2 NEW | Skarb Państwa - 2. Wojskowy Oddział Gospodarczy (POL) · 236,351 PLN · 2026-07-07 | notice → |
| Hutchinson GmbH | Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (DEU) · Undisclosed · 2026-07-07 | notice → |
| IPO SECURITY s.r.o. | Úřad práce České republiky (CZE) · 1,565,538 CZK · 2026-07-07 | notice → |
| LÍNEAS Y CABLES, S.A. NEW | Jefatura de Asuntos Económicos del Mando de Apoyo Logístico (ESP) · 6,611,570 · 2026-07-07 | notice → |
| Medicom Sp. z o.o. NEW | Szpital Wolski Sp. z o.o. (POL) · 182,081 PLN · 2026-07-07 | notice → |
| METRODIS s.r.o. NEW | Ředitelství silnic a dálnic s. p. (CZE) · 13,077 CZK · 2026-07-07 | notice → |
| SLOVCARE s.r.o. NEW | Štátny inštitút odborného vzdelávania (SVK) · 1,369,106 EUR · 2026-07-07 | notice → |
| TACWRK GmbH NEW | Logistik Zentrum Niedersachsen Landesbetrieb - Außenstelle Hannover (DEU) · 375,000 · 2026-07-07 | notice → |
| TEXPRO NEW | Bureau de Recherche en Géologie Minière (BRGM) (FRA) · 800,000 · 2026-07-07 | notice → |
| TRONUS POLSKA Sp. z o.o. NEW | Powiat Jarociński (POL) · 128,640 PLN · 2026-07-07 | notice → |
| Sensio Care ApS NEW | GULDBORGSUND KOMMUNE (DNK) · 8,161,200 DKK · 2026-07-07 | notice → |
| Ford-Werke GmbH NEW | Hessisches Polizeipräsidium für Technik (DEU) · Undisclosed · 2026-07-06 | notice → |
| Holsters HPE Polska Grzegorz Szymański NEW | Komenda Główna Policji (POL) · 5,932,979 PLN · 2026-07-06 | notice → |
| IGGY-TRADE s.r.o. NEW | Obec Imeľ (SVK) · 216,240 EUR · 2026-07-06 | notice → |
| INTERMARINE SPA NEW | COMANDO GENERALE DELLA GUARDIA DI FINANZA (ITA) · 28,199,600 EUR · 2026-07-06 | notice → |
| KELIO SOLUTIONS, S.A NEW | Empresa de Transformación Agraria S.A.,S.M.E., M.P., (TRAGSA) (ESP) · 500,000 EUR · 2026-07-06 | notice → |
| KNDS Deutschland GmbH & Co. KG | HIL Heeresinstandsetzungslogistik GmbH (DEU) · Undisclosed · 2026-07-06 | notice → |
| Lockheed Martin Global Inc NEW | FMV (SWE) · 60,000,000 SEK · 2026-07-06 | notice → |
| ProVision Baltic SIA | Valsts digitālās attīstības aģentūra (LVA) · 46,350 EUR · 2026-07-06 | notice → |
| Przedsiębiorstwo Handlowo-Usługowe „Mega-Master” M.M. Marcinkowscy, L. Korfel spółka jawna NEW | Straż Miejska Miasta Krakowa (POL) · 1,108,637 PLN · 2026-07-06 | notice → |
| TEHNOZAVOD d.o.o. | LNG HRVATSKA d.o.o. (HRV) · 1,095,596 EUR · 2026-07-06 | notice → |
| MASCOT-CAT SL NEW | Ajuntament de Santa Coloma de Gramenet (ESP) · 1,761,967 EUR · 2026-07-06 | notice → |
| Arlen Sp. A. NEW | Służba Kontrwywiadu Wojskowego (POL) · 1,332,108 PLN · 2026-07-06 | notice → |
| SOLFIX ENGINEERING SLU | Regidoria Delegada d'Hisenda, Contractació i Promoció Econòmica de l'Ajuntament d'Alcúdia (ESP) · 516,855 EUR · 2026-07-05 | notice → |
| DE_VR AG NEW | Tiefbauamt Stadt Winterthur (CHE) · 200,204 CHF · 2026-07-03 | notice → |
| KOBIS inženiring, proizvodnja in trgovina d.o.o. NEW | MINISTRSTVO ZA NOTRANJE ZADEVE (SVN) · 192,737 EUR · 2026-07-03 | notice → |
| RADIAPROT, S.L. NEW | OSAKIDETZA - Servicio Vasco de Salud - Hospital Universitario Cruces (Impulsora) (ESP) · 143,400 EUR · 2026-07-03 | notice → |
| SAGES RAIL NEW | Tisséo Ingénierie, agissant au nom et pour le compte de Tisséo Collectivités (FRA) · 15,000,000 · 2026-07-03 | notice → |
| Sener Aerospace and Defence (SCR Division) NEW | FMV (SWE) · 314,671,222 SEK · 2026-07-03 | notice → |
| SIA "UNIVERSĀLS LTD" NEW | Valsts ugunsdzēsības un glābšanas dienests (LVA) · 83,650 EUR · 2026-07-03 | notice → |
| Sociedad Ibérica de Construcciones Eléctricas, S.A. (SICE) | Junta de Gobierno del Ayuntamiento de Ourense (ESP) · 619,037 EUR · 2026-07-03 | notice → |
| Ulbrichts GmbH | Zentraldienst der Polizei des Landes Brandenburg (DEU) · Undisclosed · 2026-07-03 | notice → |
| W.Wienerl Feuerlöschtechnik Handelsges.m.b.H NEW | Gemeinnützige Salzburger Landeskliniken Betriebsgesellschaft mbH (AUT) · 280,000 EUR · 2026-07-03 | notice → |
| XLAB MARCAL NEW | Région des Pays de la Loire (FRA) · 269,884 EUR · 2026-07-03 | notice → |
| ZAMET - GŁOWNO 2 Sp. z o.o. Sp. k. NEW | Komenda Wojewódzka Państwowej Straży Pożarnej w Łodzi (POL) · 1,193,100 PLN · 2026-07-03 | notice → |
| Biometric Solutions A/S | Styrelsen for International Rekruttering og Integration (DNK) · 31,849,500 DKK · 2026-07-03 | notice → |
Source: official TED award notices. Subscribe-clicks and validation signals are on-platform; paid conversion (Annual Professional) happens on DFM Analysis.