Hensoldt's Top Brass Double Down with €193,000 as F126 Fallout Pushes Stock to a New Low
29.06.2026 - 00:20:56 | boerse-global.de
The defence electronics group is living a tale of two narratives. On one side, a record order book bulging at nearly €10 billion. On the other, a single cancelled frigate programme that has wiped €200 million from its revenue pipeline and sent the share price into a 24% tailspin over the past month.
On Friday, the stock hit a fresh year-to-date low of €63.12, closing the session at €64.96. The trigger was unambiguous: the German defence ministry pulled the plug on the F126 frigate project, citing runaway costs and repeated delays. Hensoldt had been lined up to supply the radar sensor suite through its partnership with Thales, a contract worth more than €200 million. Instead, Berlin will now buy eight frigates of a different type, leaving Hensoldt with no guaranteed role.
Yet the company’s leadership chose that very moment to put their own money on the table. CEO Oliver Dörre and board member Inka Tews purchased Hensoldt shares last week, investing a combined €193,000 at prices between €67 and €69 per share. Those positions are already under water. The gesture, however, signals confidence that the setback is not a structural blow to the business.
Should investors sell immediately? Or is it worth buying Hensoldt?
And the business does have plenty of momentum elsewhere. In the first quarter of 2026, Hensoldt booked a record €1.48 billion in new orders, pushing the total order backlog to around €10 billion. Management responded by raising its free cash flow guidance in early June, now targeting approximately 50% of operating profit. The operating picture remains robust, even if the market is looking past it.
Technically, the stock is deeply oversold. The relative strength index is hovering near 32, and the price sits well below its 200-day moving average of €81.76. That gap underscores the severity of the sell-off, but it also suggests that a mean-reversion trade could be on the cards if sentiment improves.
Beyond the F126 disappointment, there are other growth drivers. Hensoldt is supplying high-performance radars for the FREYJA missile defence system, being developed by Ukrainian company Fire Point. The first interceptor missiles are expected to be ready before the end of this year. Closer to home, the group is commissioning a new logistics centre for spare parts in Wolfhagen, slated to open in early autumn.
The crucial test comes on 31 July 2026, when Hensoldt publishes its half-year report. If the next batch of order intake is again strong, the F126 loss may begin to fade from investors' minds. For now, the board has placed a €193,000 bet that the underlying business will speak louder than a single cancelled contract.
Ad
Hensoldt Stock: New Analysis - 29 June
Fresh Hensoldt information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
