News and Insights

HENSOLDT and Dronamics have demonstrated Europe’s first unmanned airborne early warning (AEW) system combined with ISTAR capability. As part of the campaign, HENSOLDT's MissionGrid sensor suite was integrated, test-flown and validated on board a full-scale Dronamics Black Swan UAV and the combined platform was subsequently demonstrated in flight in front of end users and representatives of different armed forces and government operators, generating significant customer interest.

Military communications, radar systems, and electronic signals leave traces. With PEGASUS, Germany regains—for the first time in nearly two decades—the capability to detect and analyze electromagnetic signals from a great distance and to derive critical insights for situational assessment.

The system strengthens the Bundeswehr’s strategic intelligence capabilities and lays the foundation for well-informed decisions in an increasingly complex security environment.

• Ambition 2035: aiming for revenue of 10 billion euros; revenue ambition of 6 billion euros for 2030 confirmed
• Medium-term targets refined: annual revenue growth of 15% to 20% expected from 2027; adjusted EBITDA margin to rise by around 50 basis points per year from around 19% to around 21% by 2030
• Order intake: still expected to grow significantly faster than revenue; unweighted pipeline for 2027 to 2032 at around 110 billion euros
• Capacity expansion: sustained step change in capacity secured by mid-2027, further significant expansion planned to 2029
• Software-Defined Defence: first customer orders for MDOcore expected from 2027

• Order intake rises by 76.7% to 3,564 million euros (previous year: 2,017 million euros)
• Order backlog reaches a record high of 10,367 million euros (previous year: 7,096 million euros)
• Revenue grows by 21.3% to 1,863 million euros (previous year: 1,536 million euros)
• Adjusted EBITDA rises by 33.0% to 281 million euros (previous year: 211 million euros)
• Adjusted EBITDA margin improves to 15.1% (previous year: 13.7%)
• Guidance refined upwards: revenue of around 2,800 million euros (previously: around 2,750 million euros), book-to-bill ratio at the upper end (previously: around 1.5x to 2.0x), adjusted EBITDA margin of around 19.0% (previously: 18.5% to 19.0%)

HENSOLDT is supporting three organisations with a total of 15,000 euros. With these donations, HENSOLDT is strengthening its commitment to serving personnel, veterans and people affected by the war in Ukraine.

“As a company with close ties to the Bundeswehr and its personnel, it is important to us to take on responsibility beyond our core business. Through our donations, we aim to support organisations that are actively helping people and providing assistance where it is needed,” says CEO Oliver Dörre.