German defence contractor Hensoldt is setting its sights on the world of artificial intelligence (AI) and analytics as it seeks out investment opportunities. At the company’s recent Capital Markets Day, Hensoldt expressed its belief that AI and analytics present a fertile ground for growth. As a producer of radars for the IRIS-T air defence system used by Ukraine, Hensoldt understands the importance of staying ahead in a world of rapidly evolving technology. Mergers and acquisitions have always been a crucial part of the company’s growth strategy, and the potential for investment in AI and analytics aligns with this vision.
In a statement, Hensoldt outlined its commitment to investing in AI development across all areas of its business and for all relevant products and solutions. In a time of increased geopolitical tensions worldwide, the company recognizes the immense need for innovative defence and security technologies. CEO Thomas Mueller highlighted the company’s recognition of the current global uncertainties, stating, “With increasing geopolitical tensions around the world, we are facing a time of great uncertainty and an enormous need for defence and security technologies.”
Hensoldt’s plans for investment in AI and analytics come as its orders have more than doubled since 2019, largely due to heightened geopolitical instability. To fuel its growth and consolidate its position in Europe, the company is eyeing potential acquisitions. Last week, Hensoldt announced its intention to raise capital in order to acquire German military service firm ESG. The company also confirmed its annual and mid-term guidance, highlighting that approximately 85% of its projected 2024 revenue is already secured through an impressive 5.5-billion-euro ($6.00-billion) order backlog.
The importance of AI and analytics cannot be overstated in today’s rapidly evolving landscape. For Hensoldt, investing in these areas is not only a strategic move but also a necessary one to stay at the forefront of defence technology. The company’s commitment to innovation and growth shines through as it identifies the potential investment opportunities in AI and analytics.
As AI continues to shape industries across the globe, Hensoldt recognizes that harnessing its power and integrating it into their products and services will lead to limitless possibilities. By prioritizing AI development across all areas of their business, Hensoldt is positioning itself as a leader in the field of defence and security technologies.
In a world where uncertainty looms, Hensoldt understands the importance of staying prepared and continually pushing boundaries. As CEO Thomas Mueller aptly puts it, “With increasing geopolitical tensions around the world, we are facing a time of great uncertainty and an enormous need for defence and security technologies.” Hensoldt’s plans for investment in AI and analytics demonstrate their commitment to meeting these needs head-on and driving growth through innovation.
With their strong order backlog and optimistic outlook, Hensoldt is well-positioned to capitalize on the investment opportunities in AI and analytics. By embracing the power of these technologies, Hensoldt is ensuring its relevance and success in an ever-changing world. As the company looks towards the future, their focus on AI development is sure to open doors to new horizons and secure their position as an industry leader.
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