€30 Million Investment and Over 500 New Jobs
Citing strong order growth relating to the development of the new radar for the Eurofighter TYPHOON, among other projects, HENSOLDT announced an expansion in capacity on 17 February.
The sensor specialist will be investing €30 million at its Ulm site and creating an additional 300 highly skilled jobs throughout the Group, having recruited 250 new staff in 2020. “We operate in the high-tech sensor technology arena – a growing segment characterised by very long-term planning. Accordingly, our investment in new technologies and development laboratories is an indispensable part of our growth strategy,” observed HENSOLDT CEO, Thomas Müller.
The company is investing in the construction of an RF technology development centre at the Ulm site, among other things. In addition to electronic components for the new Eurofighter radar, AI-based sensors for a wide range of applications will also be developed there.
Last year, the German parliament approved a budget of approximately €1.5 billion for development of the new radar by a consortium led by HENSOLDT. Other business units of the group are also showing strong growth, including ground and naval radars, EW, avionics systems and optronics equipment. For instance, HENSOLDT is working on future-oriented projects such as the German/French/Spanish Future Combat Air System (FCAS) and a UAV collision warning system.