FRANKFURT (Dow Jones)–The defense company Hensoldt recorded incoming orders of around 1.1 billion euros for the period October 2023 to January 2024 – an increase of almost 60 percent. In the same period last year, the MDAX group received orders worth around 690 million euros, a spokesman said. Hensoldt announced that it would expand its production capacities.
The strong order intake includes, among other things, major orders such as the order received in January to develop a German air defense system, which Hensoldt received together with Rheinmetall, among others. Optics and self-protection systems for the Leopard and Puma tanks were also in high demand and contributed more than 60 million euros to the growth in the order backlog.
“Sensor solutions and electronic systems are indispensable for an efficient defense,” said CFO Christian Ladurner, according to the statement. “In view of the growing international tensions, we therefore expect growing demand for these products, which we are meeting with a systematic expansion of our production capacities.”
No details were given.
Contact the author: [email protected]
DJG/sha/uxd
(END) Dow Jones Newswires
February 07, 2024 10:03 ET (15:03 GMT)
Selected leverage products on HENSOLDT
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on HENSOLDT
The leverage must be between 2 and 20
Advertising