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Heidelberger Druckmaschinen Secures First Defense Deal With Vincorion

Under a multi-year letter of intent, pending German federal budget approval along with defense committee endorsement, it will supply control cabinets for power distribution systems.

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08.06.2018, Baden-Württemberg, Wiesloch: Ein Mitarbeiter arbeitet im Werk der Heidelberger Druckmaschinen AG an der Wendeeinrichtung einer Großformat-Druckmaschine. Das Unternehmen gibt am Dienstag (12.06.) seine Zahlen für das abgelaufene Geschäftsjahr bekannt. Foto: Uwe Anspach/dpa
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Overview

  • The partnership tasks Heidelberger Druckmaschinen with building control cabinets—the core regulator of power generator systems—for Jenoptik’s former military unit.
  • Contracts hinge on formal approval of Germany’s federal budget and endorsement by the Bundestag defense committee.
  • The company forecasts at least €100 million in revenue from defense and related industrial segments over the next three years.
  • Vincorion Advanced Systems, a 60-year veteran of safety-critical energy systems and Eurofighter generator supplier, will complement HDM’s electronics expertise.
  • HDM’s shares jumped over six percent in Frankfurt trading following the announcement.