Hensoldt rejects Der Spiegel’s allegations: Taufkirchen based German radar and senor manufacturer Hensoldt Friday rejected allegations of improper business practices and insufficient internal controls as alleged by a Hamburg based German investigative news magazine.
“The sensor manufacturer Hensoldt firmly rejects the allegations of improper business practices and insufficient internal control raised by the news magazine “Der Spiegel”, the company said in a statement.
Hensoldt said that the ‘accusations lack any factual basis’.
Hensoldt emphasises that its internal control mechanisms function at all levels. Business has been and is conducted exclusively in accordance with national and international regulations and laws, it said.
The spokesperson said that the cases described show that Hensoldt’s internal compliance processes and rules are effective and point out any dangers and risks at an early stage so that they can be subjected to closer scrutiny.
“The selection of our local representatives is subject to a thorough screening process that identifies any compliance risks. Under no circumstances do we make payments to agents without a contractual basis and proof of performance,” the Hensoldt spokesperson added.
German sensor maker Hensoldt
Hensoldt is a leading company in the European defence industry with global reach. Based in Taufkirchen near Munich, the company develops complete sensor solutions for defence and security applications.
Hensoldt develops defence electronics and optronics and is working to expand its portfolio based on innovative approaches to data management, robotics and cyber security.
With more than 6,500 employees, Hensoldt achieved a turnover of 1.7 billion euros in 2022. The company is listed on the Frankfurt Stock Exchange MDAX segment.