Hensoldt signs Ukraine radar MoU: Hensoldt stock falls 1.56 percent

Published on 10/20/2026 at 10:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 revenue rose 23.60 percent to EUR 1,167 million. Hensoldt stock costs EUR 86.19 on October 20, 2026, 1.56 percent below the Xetra close.

Demand outlook and reporting dates

Hensoldt signed a radar memorandum with Ukraine on October 5, 2026.
First-half 2026 revenue increased 23.60 percent to EUR 1,167 million.
Hensoldt stock trades at EUR 86.19 at 10:45 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.56 percent below the Xetra close of October 19, 2026.
Hensoldt's nine-month 2026 statement is scheduled for November 5, 2026.

Pop-Art-Comic eines Hensoldt AG Ingenieurs der einen Radarsensor heroisch präsentiert — Hensoldt AG Ingenieur hält Radarsensor im farbigen Pop Art Comic Stil, ISIN DE000HAG0005, Illustration mit AI erstellt.

Hensoldt (ISIN DE000HAG0005) signed a memorandum of understanding with Ukraine's Ministry of Defence on October 5, 2026, for further radar deliveries and air-defense development, according to Investing.com. Hensoldt stock was trading at EUR 86.19 at Lang & Schwarz on October 20, 2026 at 10:45 a.m. CEST, down 1.56 percent versus the Xetra close of October 19, 2026 at EUR 87.56.

Ukraine radar plan adds demand

The Ukraine memorandum gives Hensoldt a concrete program link to European air-defense demand, but it is not yet a booked contract. The company develops radar, optronics, electronic warfare and software for air, land, sea, cyber and space applications.

The operating base was already substantial before the memorandum. In the first half of 2026, order intake doubled to EUR 2,812 million from EUR 1,405 million, while the order backlog reached EUR 10,356 million from EUR 7,070 million, according to 4investors.

What does growth mean for margins?

Hensoldt's first-half 2026 revenue rose 23.60 percent to EUR 1,167 million from EUR 944 million, while adjusted EBITDA reached EUR 137 million from EUR 107 million. The adjusted EBITDA margin was 11.80 percent, below the full-year 2026 target range of 18.50 percent to 19.00 percent. Management also confirmed expected full-year revenue of EUR 2,750 million and a book-to-bill ratio of 1.50 to 2.00, according to 4investors.

Three events shaped the setup

On July 31, 2026, Hensoldt reported first-half revenue of EUR 1,167 million. On October 3, 2026, Kepler Cheuvreux raised its recommendation to Buy with a EUR 90.00 target. On October 5, 2026, Hensoldt signed the Ukraine memorandum, according to Investing.com.

Which dates matter next?

The next substantiated date is November 5, 2026, when Hensoldt's nine-month 2026 statement is scheduled for publication, according to HENSOLDT.

Stock stays below its yearly high

Hensoldt's market capitalization was EUR 9.95 billion as of October 20, 2026. Its 52-week range was EUR 63.18 to EUR 103.30, placing the current euro quotation below the upper end while the half-year figures point to a demanding delivery and margin conversion task.

Hensoldt stock was trading at EUR 86.19 at Lang & Schwarz on October 20, 2026 at 10:45 a.m. CEST, 1.56 percent below the Xetra close of October 19, 2026 at EUR 87.56. The further course of trading is shown by the continuously updated real-time quote of Hensoldt stock.