In recent years, Europe\u2019s governments and NATO members have embarked on a historic shift: a massive military build-up in response to external threats. Russia\u2019s intensified war of aggression against Ukraine, repeated airspace violations, and hybrid attacks along the EU\u2019s external borders have further accelerated this security shift. However, the expansion of defense capabilities is not limited to artillery or tanks \u2014 sensor technology, electronic reconnaissance, and air- and drone-based defense systems are also in high demand. This trend plays directly into the hands of Hensoldt, since modern warfare requires first to see, then to understand, and only then to counter.<\/p>\n\n
The German manufacturer of defense electronics and sensor solutions \u2014 focusing on radar systems, optronic systems such as thermal imaging devices, as well as drone and air defense technology \u2014 is currently receiving orders in rapid succession. In the first half of the year, Hensoldt secured new contracts worth EUR 1.4 billion. This translates into a book-to-bill ratio of around 1.2, laying the foundation for further growth. Revenue in the first six months already increased by 11% to EUR 944 million. The second half of the year is expected to be even more dynamic: for 2025, the management board forecasts total revenue between EUR 2.5 and 2.6 billion, with an adjusted EBITDA margin of around 18%.<\/p>\n\n
Beyond the current year, growth continues on an upward trajectory. The three-member Hensoldt management team, led by Oliver Dörre, expects to receive orders from the German government in unprecedented dimensions over the coming months. According to CEO Dörre, the federal government is placing orders \u201cten to twenty times larger than what we have seen in the past.\u201d For example, Hensoldt is set to supply the core sensor and electronic systems for the next-generation reconnaissance vehicle \u201cLuchs II.\u201d In light of ongoing threats, Germany plans to raise its defense budget next year to EUR 108 billion \u2014 the highest level since the Cold War.<\/p>\n\n