Hensoldt

Overview

Hensoldt AG

type	Public (Aktiengesellschaft)
traded as	fwb: HAG MDAX Component
industry	Defence, electronics, aerospace
predecessor	Airbus DS Electronics and Border Security
founded	February 28, 2017
hq location city	Taufkirchen, Munich, Upper Bavaria, Bavaria
hq location country	Germany
area served	worldwide
key people	Oliver Dörre (CEO)
products	Electronic equipment, avionics, radars, telecommunications equipment, software
revenue	€1.47 billion (2021)
operating income	€-14 million (2021)
net income	€-36 million (2021)
assets	€2.76 billion (2021)
equity	€1.86 billion (2021)
owner	German government (25.1%) Leonardo S.p.A. (22.8%) Public float (52.1%)
num employees	6,316‡R1R‡
num employees year	December 2021
divisions	Hensoldt Sensors, Hensoldt Optronics, GEW Technologies, EuroAvionics Holding, Kelvin Hughes, Nexeya
homepage	hensoldt.net

Hensoldt AG (stylized in all caps) is a German multinational corporation headquartered in Munich which focuses on sensor technologies for protection and surveillance missions in the defence, security and aerospace sectors. The main product areas are radar, optoelectronics and avionics. Hensoldt's main office is in Taufkirchen near Munich, Germany.

On 25 September 2020, Hensoldt AG was listed in the Prime Standard of the Frankfurt Stock Exchange at an issue price of 12.00 euros. Based on the issue price, the market capitalisation amounted to 1.26 billion euros.[2]

History

The company originated from the electronics business unit of the defence division of the Airbus. At the end of February 2017, Airbus sold this business unit to the US financial investor KKR[3]

Activities

Radar

Hensoldt develops and manufactures radar systems for the purposes of surveillance, reconnaissance, air traffic control and air defence. These radars are used on such platforms as the Eurofighter, the German Navy's F125 frigates and the US Navy's littoral combat ships and ground-based systems. In September 2017, Hensoldt acquired the British radar manufacturer Kelvin Hughes from the private equity firm ECI.[17][18]

Ground based air defense sensors include TRML-3D[19] and TRML-4D[20][21][22] active radar and TwInvis passive radar.[23][24] Hensoldt claims to have detected two F-35 fighter jets as they were leaving from the ILA Berlin Air Show in 2018 with their passive TwInvis radar system.[25][26] Naval air defense radars include TRS-3D[27] and TRS-4D in fixed panel[28] and rotator[29] variants.

Optronics

Hensoldt manufactures optical and optronic devices for military and civil security applications. The main components of these devices are daylight cameras, thermal imagers, image intensifiers and laser rangefinders. The systems are used on various platforms for air, ground, sea and space missions as well as for the protection of infrastructures and borderlands.[30] The optronic systems are used on board the Puma infantry fighting vehicle, Leopard main battle tank, 212 and 209 type submarines,[31] Gripen and Rafale combat aircraft, AHRLAC reconnaissance aircraft, Baykar TB2 UAV, the Camcopter, Diamond DA42, and the EDRS-A satellite. In addition to this, Hensoldt also manufactures sights, targeting optics and optical systems deployed in the Leopard 2 main battle tank, PzH 2000 self-propelled howitzer, NH90 and Tiger transport and combat helicopters, as well as in the “Future Soldier” programme for modernising the infantry of the Bundeswehr, the German Armed Forces.[32]

Avionics

The main system manufactured is the Sferion Pilot Assistance system, which allows for safe flight operations in a degraded visual environment.[33] Products also include situational awareness systems, military mission computers and flight data recorders for helicopters and fighter aircraft. The company has set up the air traffic control network of the German Air Force, covering an airspace of 1,700 x 1,500 kilometres, by equipping airports used by the air force with ASR-S surveillance radar.[34] Further air traffic control radars by Hensoldt are under contract for Great Britain, Australia and Canada.[35] In August 2017, Hensoldt acquired the German-based company EuroAvionics GmbH, a supplier of civil avionics systems for helicopters and UAVs.[14]

Electronic warfare

Hensoldt's product portfolio for electronic warfare includes 'Kalaetron' family of airborne electronic warfare system, including "Kalaetron Attack" aimed at jamming enemy radars.[36] The company is also a manufacturer of systems for acquiring and analysing radar and radio signals as well as equipments which offer protection for convoys and individual vehicles from attacks by improvised explosive devices (IED).[37] The company developed MUSS, an operational electronic self-protection system for armored vehicles, which is integrated into the German Armed Forces’ Puma infantry fighting vehicle.[38][39]

Hensoldt

History

Corporate structure

Activities

Radar

Optronics

Avionics

Electronic warfare

Controversies

External links

References