Hensoldt is trading at €79.84, down 4.13%. - The decline follows reports of severe disruptions to Bundeswehr spare-parts deliveries at Hensoldt's ZEBEL logistics hub, operated by its subsidiary ESG. - A research firm downgraded Hensoldt to "Sell" and revised its price target on October 30, 2026, citing "software issues" at the ZEBEL center and reinforcing a negative outlook ahead of the company's nine-month update scheduled for November 5. - Hensoldt previously attributed delays to the move into its new Wolfhagen site, where operations began in early September 2026.