Hensoldt raises outlook on strong radar deliveries
German defence electronics maker Hensoldt raised its full-year outlook after reporting a 33 percent jump in nine-month core earnings. The growth was driven by higher deliveries of radar and optronics systems amid rising demand.
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HENSOLDT AG posted a 33% jump in nine-month EBITDA to 281 million euros ($315.56 million) on Thursday morning, driven by higher radar deliveries. The Germany-based defence electronics maker raised its full-year revenue outlook slightly to around 2.8 billion euros. Stronger profitability highlights how European contractors are converting surging backlogs into cash as regional security spending accelerates.
