Rohde & Schwarz (R&S) has reported that it surpassed annual revenues of £2 billion ($2.2bn) for the first time in the 2017/2018 financial year, a 6.7% year-on-year increase.
It recorded £2.04 billion in revenues over this period, while new orders increased by 7.4% to £2.2bn.
The R&S Ardronis company produces drone detection and monitoring solution for commercial drones, which protect against drones that can pose a security risk to air traffic and other areas in need of protection.
R&S Ardronis is part of the Guardion drone defence system, a cooperation between ESG, Rohde & Schwarz and Diehl Defence. Guardion was live in action at the G20 summit in July 2017 and at the International Aviation Exhibition (ILA) in April 2018.
Over the past year, the company has decided to focus on major, high-growth markets under its four strategic business lines, namely aerospace, defence, and security; test and measurement; broadcast and media; and networks and cybersecurity.
The German company said it also increased its headcount by 1,000 to 11,500 over this period.