Core Viewpoint - Hensoldt reported full-year revenue slightly below market expectations, but a significant increase in high-value orders and a strong backlog indicate positive momentum from Europe's defense rearmament efforts [1] Financial Performance - Hensoldt's revenue for 2025 was 2.46 billion euros ($2.90 billion), falling short of the 2.50 billion euro consensus [1] - Adjusted EBITDA rose to 452 million euros, reflecting a margin of 18.4%, aligning with expectations and surpassing the company's forecast [1] Order Intake and Backlog - Order intake surged by 62% to 4.71 billion euros, increasing the order backlog to 8.83 billion euros [1] - The company anticipates revenue of approximately 2.75 billion euros for 2026, with an adjusted margin target of 18.5%-19.0% [1] Market Dynamics - The geopolitical situation is driving Europe to enhance its defense capabilities, with Germany playing a crucial role in Hensoldt's order intake momentum [1] - Hensoldt's sensors are utilized in various platforms, including the Eurofighter Typhoon and the Puma infantry fighting vehicle [1] Challenges - Supply chain constraints in electronic components and hiring bottlenecks are impacting the pace at which Hensoldt can convert its backlog into revenue [1] - The company maintains expectations for a book-to-bill ratio in the range of 1.5-2.0, indicating sustained demand for its products [1]

Core Viewpoint - Saipem announced that it will not proceed with the acquisition of Deep Value Driller AS' drilling unit as the seller opted for another buyer, and the company is considering legal action to protect its interests [1] Company Summary - Saipem's planned acquisition of Deep Value Driller AS' drilling unit has fallen through due to the seller choosing a different buyer [1] - The company has stated that it reserves the right to take appropriate legal action to safeguard its interests and rights [1] - Saipem's financial guidance for 2026 remains unchanged despite the failed acquisition [1]

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Italy's Leonardo expects aerostructures joint- venture deal by end of June February 25, 20265:25 PM UTCUpdated ago By Reuters ROME, Feb 25 (Reuters) - Italian defence group Leonardo (LDOF.MI), opens new tab expects to sign a joint- venture accord for its aerostructures unit by the end of June, its CEO said on Wednesday, in a protracted deal that could finally allow the loss-making unit to take ...

Group 1 - Leonardo, the Italian defense group, reported financial results for 2025 that exceeded its targets, showing significant increases in all key indicators and a reduction in debt [1][2] - CEO Roberto Cingolani stated that the company surpassed challenging guidance, which had already been upgraded during the year, marking the completion of a value-accretion path initiated three years ago [2] Group 2 - Nordex, an onshore wind turbine manufacturer, announced better-than-expected core profit for 2025 following a record order intake for the second consecutive year [3]

This photograph shows European countries' flags waving in front of the European Parliament building in Strasbourg, eastern France, on June 6, 2024. (Photo by SEBASTIEN BOZON / AFP) (Photo by SEBASTIEN BOZON/AFP via Getty Images)LONDON — European stocks are expected to open flat to higher on Tuesday as investors assess the new global trading landscape after U.S. President Donald Trump's latest tariff move.The U.K.'s FTSE index is seen opening unchanged, Germany's DAX and France's CAC 40 up around 0.25%, resp ...

Group 1 - The core viewpoint of the article highlights the rise in European defense stocks driven by ongoing geopolitical uncertainties, which have boosted demand in the sector [1] - UK aerospace systems reported positive earnings, contributing to the increase in stock prices [1] - A basket of European defense-related stocks tracked by Goldman Sachs saw a daily increase of up to 3.8%, with a cumulative rise of 19% year-to-date [1] Group 2 - The index experienced a temporary decline of 2.6% before the Geneva talks [1] - Thales shares rose by 4.6%, while Leonardo, Dassault Aviation, and Theon saw increases of 4.4%, 3.7%, and 3.6% respectively [1]

欧洲防务类股周三上涨，因持续的地缘政治不确定性，包括美国可能对伊朗采取军事行动，提振了该板 块需求。英国宇航系统公布积极财报后，也推动股价走高。高盛一篮子欧洲国防支出相关股票的当日涨 幅最高达3.8%，今年以来累计上涨19%。泰雷兹股价上涨4.6%，Leonardo、达索航空和Theon股价分别 上涨4.4%、3.7%和3.6%。 来源：滚动播报 ...

Group 1 - Morgan Stanley analysts indicate that UK defense stocks such as QinetiQ, Babcock International Group, and BAE Systems may benefit from potential increases in UK defense spending [1][2] - UK Prime Minister Keir Starmer called for "generational investment" in defense during a speech at the Munich Security Conference, suggesting that the government is considering proposals to allocate 3% of GDP to defense by the end of the current parliamentary term, an increase from approximately 2.3% last year [1][2] - European companies with exposure to the UK budget, such as Leonardo, Renk, and Thales, may also benefit from this potential increase in defense spending [1][2] Group 2 - Stock performance: Babcock rose by 2.5%, Thales by 1.8%, BAE Systems by 1.6%, Leonardo by 1.5%, and QinetiQ by 1%, while Renk saw a modest increase of 0.2% [1][2]

Core Insights - Vertical Aerospace has been awarded a Proof-of-concept grant by Hatch for developing an Emergency Medical Services (EMS) use case for its Valo aircraft platform, focusing on electric and hybrid-electric vertical flight for medical responses in remote areas around Singapore [1][2][3] Company Overview - Vertical Aerospace is a global aerospace and technology company pioneering electric aviation, with its Valo aircraft being a piloted, four-passenger Electric Vertical Take-Off and Landing (eVTOL) aircraft that produces zero operating emissions [7][10] - The company has approximately 1,500 pre-orders for the Valo aircraft from customers across four continents, including major airlines such as American Airlines and Japan Airlines [10] Project Details - The project will run until April 2026 and involves collaboration with Singapore's Home Team to assess how eVTOL and VTOL aircraft can enhance existing emergency response systems [2][3] - The initiative aims to develop a detailed EMS concept of operations aligned with real operational and regulatory requirements, including conducting proof-of-concept flight demonstrations [8] Industry Context - The initiative aligns with Singapore's efforts to develop the Advanced Air Mobility (AAM) industry, supported by the Singapore Economic Development Board and the Civil Aviation Authority of Singapore [4] - The Dimension X Challenge supports early-stage companies developing dual-use technologies to enhance public safety, with winning companies receiving S$100,000 in funding and access to technical experts [6]

Core Insights - Italy's Leonardo and India's Adani Defence & Aerospace have signed a preliminary agreement to establish a helicopter manufacturing ecosystem in India [1] Company Developments - The joint statement indicates a collaborative effort between Leonardo and Adani Defence & Aerospace to enhance local manufacturing capabilities in the helicopter sector [1]