Hensoldt AG

Dual-block controlled: Federal Republic of Germany (via KfW, ~25.1% since 2021-05-26) and Leonardo S.p.A. (~22.8% as of 2023-12-08); remaining ~52.1% free float, no other holder disclosed above notification thresholds. GLEIF LEI 894500686FYLLZD3M624 reports no parent on file, consistent with a dispersed/dual-block public company rather than a subsidiary.

Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.

Dossier discloses a dysprosium, terbium or samarium material exposure directly — A61 §1(2) names Dy/Tb-containing NdFeB and SmCo magnets by element.

A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.

As a buyer, policy pressure across its consumed materials is rising.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

No actions in the register have named or swept this company in the last 24 months.