Hensoldt Sets a EUR 10 Billion Revenue Goal for 2035 and Confirms EUR 6 Billion for 2030

The release grounds the plan in NATO's 3.5 per cent core-defence commitment and the federal financial plan, more than EUR 180 billion for defence in 2030 against about EUR 108 billion this year. Growth areas named are air defence, follow-on orders, and new large programmes, particularly mission aircraft and next-generation platforms. Five days earlier Hensoldt had raised its 2026 guidance after nine-month orders rose 77 per cent.

The 2030 figure leans on capacity at its near end and on orders not yet placed at its far end. At 15 to 20 per cent a year, revenue reaches about EUR 3.7 to 4.0 billion in 2028, growth the disclosed radar capacity can plausibly carry; the TRML-4D is also the radar Hensoldt supplies to Ukraine's FREYJA programme. EUR 6 billion then needs about 22 to 27 per cent a year in 2029 and 2030, against about 14 per cent for the federal defence line the company cites; capacity keeps growing to 2029, but at that pace the backlog must be refilled by new large programmes. Oliver Dörre, the chief executive, said decisions on many of the programmes “that will shape our business in the 2030s will be taken soon”. The half-year dispatch read Hensoldt's guidance as a conversion limit, not a demand limit; Signal No. 186 set out the new targets. The 2035 figure needs only about 11 per cent a year after 2030, close to Hensoldt's market assumption: the headline number is the easier one, and 2030 is the one to hold the company to.