Industry · Supplier

Hexcel cites temporary softness in a few fighter and space programs
The composites supplier attributed lower third-quarter Defense, Space & Other sales to industrial exits and temporary program softness. Commercial aerospace sales grew year over year.
Hexcel attributed its third-quarter 2026 Defense, Space & Other sales decline primarily to industrial business exits and temporary softness in a few fighter and space programs. It cited the F-35, an unnamed international fighter program, launchers and rocket motors.1
Commercial aerospace leads Hexcel's quarterly sales
Q3 2026 sales by market, USD millions, as reported
Defense, Space & Other includes industrial businesses.
Source: Hexcel Q3 2026 earnings release, Exhibit 99.1. As of Oct. 21, 2026.
The company divested a non-core Austrian industrial business at the end of September 2025 and closed a non-core industrial business in Leicester, UK, earlier in 2026.1
Defense, Space & Other sales totaled $166.1 million in the quarter ended Sept. 30, down from a year earlier. Commercial aerospace sales rose year over year to $330.3 million, Hexcel reported Oct. 21.1
Through September 2026, Defense, Space & Other sales fell 6.8% from a year earlier. Sales for that period totaled $517.6 million. Hexcel kept its full-year sales and adjusted diluted earnings-per-share forecasts unchanged.1
Also announced
Hexcel's board raised its share repurchase authorization to $750 million on Oct. 21. The remaining authorization had been $380.6 million.2 The company repurchased no shares during the third quarter.1
The combined category makes the decline an imprecise measure of Hexcel's defense and space sales: Hexcel's explanation does not quantify the separate effects of industrial exits and program softness.1
Sources (2)
- Hexcel Q3 2026 earnings release, Exhibit 99.1 (Oct. 21, 2026) www.sec.gov
- Hexcel Form 8-K, Items 2.02, 7.01, 8.01 (Oct. 21, 2026) www.sec.gov