Despite slightly lower annual revenues of €657 million – down 3.2% compared to the previous year – Lufthansa Systems increased its 2008 operating result to €40 million.
Sales to Lufthansa Group companies declined by about 5.0%, while business with customers outside the Lufthansa Group remained virtually constant at €279 million.
"In a generally difficult business environment, we achieved a more than respectable result. The continued globalisation of our production enabled us to improve our profitability and competitiveness," said Wolfgang Gohde, CEO & chairman of the Executive Board of Lufthansa Systems. He believes the company is well positioned to face the challenges of the current economic crisis, not least because of the strength of the product portfolio. "Today, all airlines are looking for ways to quickly and sustainably improve their efficiency. We can supply the IT solutions that will enable them to achieve this objective without the need to commit to major investments."
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
Although the Pentagon claims that current systems can detect this type of threat, it has confirmed that measures will be taken in order to maintain the US's edge over its adversaries.
The UK and France aim to deliver a new cruise missile in 2030 as part of the MBDA-led Future Cruise/Anti-Ship Weapon (FC/ASW) project.
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