Hensoldt's Wide Moat and EUR 122 Fair Value Is Backed by Europe’s Rearmament

Hensoldt is a defense-focused electronics company, structurally positioned in radar, electronic warfare, optronics, and multi-domain integration—segments that are among the fastest-growing in European defense. With geopolitical tensions rising, NATO set an unprecedented target of 3.5% of GDP in core defense. Europe is closing urgent capability gaps on current aircraft, land vehicles, and naval fleets through electronics and sensor upgrades, supporting Hensoldt’s midterm growth. Future programs will embed an even larger share of electronics, increasing the company’s long-term strategic relevance.