Terma

What Terma does

Terma A/S is a Danish defense and aerospace technology company headquartered in Lystrup, Aarhus, that develops mission-critical systems for military and civilian customers across air, sea, land, and space domains. Its product portfolio centers on SCANTER radar systems for surface, coastal, and airspace surveillance; the C-Flex modular naval command and control suite; the combat-proven C-Guard decoy launching system for ship self-protection; 3D-Audio and active noise reduction for aircrew; the T.react CIP critical infrastructure protection platform; the OSL C-UAS counter-drone system acquired in November 2025; composite and metallic aerostructures for the F-35 Lightning II program (80+ part numbers, 15,000+ pylons delivered); and flight-heritage space electronics on more than 75 ESA missions including BepiColombo, Rosetta, and Euclid.

The company operates a B2B go-to-market selling primarily through direct enterprise field sales to defense ministries, armed forces, and government security agencies, supplemented by channel partnerships with defense primes (Lockheed Martin, BAE Systems) and technology integrators (Diehl Defence, DroneShield, MBDA, Naval Group). Revenue is generated through hardware sales of systems and components, complemented by Terma LifeCare service agreements covering maintenance, upgrades, and spare parts. Pricing is quote-based and not publicly disclosed. The customer base spans navies, air forces, ground-based defense organizations, 140+ airports (including 9 of the world's 10 largest hubs), ports, critical infrastructure operators, and space agencies across more than 50 countries.

Terma employs 2,200+ people globally with operations in Denmark, the United States, Ukraine, Indonesia, and Belgium. The company is majority-owned by the Danish Thomas B. Thrige Foundation (a commercial foundation established in 1933) with ATP, Denmark's largest pension fund, holding a minority stake and Board seat since June 2024. The company is led by President & CEO Jes Munk Hansen (appointed June 2019) and is headquartered in Lystrup, Denmark.

Name

Terma

Legal name

Terma A/S

Website

https://www.terma.com

Company type

Private

Founded year

1944

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Terma is a Danish defense and aerospace technology company that develops mission-critical radar, command and control, electronic warfare, and aerostructures systems for military forces, governments, airports, ports, and space agencies across air, sea, land, and space domains.

Ownership category

akta.pro rank

Product category

Defense and Aerospace Systems Manufacturing

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Aircraft Manufacturing (336411), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Aircraft (3721), Aircraft Parts & Auxiliary Equipment, Nec (3728), Guided Missiles & Space Vehicles & Parts (3760)

akta.pro primary industry

Radar Systems & Subsystems (Airborne, Ground, Naval) (IMABAGAA)

akta.pro secondary industries

Military Aircraft Structures, Airframes & Composites (IMABAMAH), Integrated Modular Avionics (IMA) & Avionics Computing Platforms (IMABAFAI), Military Avionics, Mission Computers & Flight Controls (IMABAMAE), Space Payloads & Instruments (Sensors, Comms, EO/IR) (IMABACAD), Spacecraft Avionics, Flight Computers & Software (IMABACAI)

Keywords

• Defense electronics
• Radar surveillance systems
• Command and control
• Aerostructures manufacturing
• Electronic warfare

Headquarters

HQ city

Lystrup

HQ country

Denmark

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Defense and Security Systems: Sale of mission-critical radar, command & control, electronic warfare, and surveillance systems to defense forces and governments worldwide.
2. Aerostructures Components: Manufacturing and delivery of composite and metal aerostructures for F-35 Lightning II and other military aircraft platforms.
3. Space Systems and Electronics: Flight hardware, software, and ground segment solutions for space missions including satellites and space stations.
4. Maintenance and Support Services: Terma LifeCare service agreements providing hardware/software upgrades, spare parts, and technical support for installed systems.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Terma develops and manufactures mission-critical defense and security systems, including ground-based, naval, and coastal surveillance radars, modular command and control systems, combat-proven decoy launching systems, counter-unmanned aircraft systems, aircraft self-protection and 3D-audio solutions, advanced composite and metal aerostructures for the F-35 Lightning II and other military aircraft, and flight-proven electronics for space missions. Products are sold to defense forces, governments, ports, airports, critical infrastructure operators, and space agencies worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• OSL C-UAS: Integrated counter-drone and site security solutions combining advanced sensing and real-time fusion for critical sites and high-risk environments. Part of Terma Group following acquisition.
• C-Guard
• C-Flex
• SCANTER
• T.react CIP
• JIMAPS
• CWS-Flex

Products and services

• SCANTER Radar Systems Family of ground-based, naval, and coastal surveillance radars with advanced small-target detection and bad-weather capabilities, including SCANTER Sphera 3D radar for airspace security and drone detection. Designed for navies, coast guards, airports, ports, and critical infrastructure operators.
• C-Flex Command and Control System Modular naval command and control system providing situational awareness, combat management, and interoperability for naval vessels ranging from patrol boats to frigates. Built for navies and coast guard operators requiring coordinated sensor and weapon control.
• C-Guard Decoy Launching System Combat-proven 360-degree soft-kill weapon system providing protection against coordinated RF missile, IR seeker missile, and torpedo attacks. Installed on naval platforms including Danish, Indonesian, and other allied vessels, and on air force helicopters.
• T.react CIP Surveillance System Critical infrastructure protection solution with wide-area protection, automated threat detection using AI/ML, and coordinated response capabilities. Deployed at 500+ critical infrastructure facilities worldwide for power, nuclear, port, and government sites.
• OSL C-UAS Platform Multi-layered counter-unmanned aircraft system combining radar, RF, and EO/IR sensing with advanced multi-sensor fusion and the FACE command and control platform for airports and critical infrastructure. Acquired through the November 2025 acquisition of OSL Technology.
• 3D-Audio and Active Noise Reduction System End-to-end audio system for aircrews featuring spatial headtracking, digital ANR, and multi-radio spatial separation for enhanced cockpit situational awareness and hearing protection. Equipped on platforms including the U.S. Air Force A-10.
• Space Electronics Power systems, star trackers, remote terminal units, and on-board software for satellites with flight heritage on ESA missions including BepiColombo, Rosetta, Euclid, ASIM, and EarthCARE. Sold to space agencies and commercial satellite prime contractors.
• F-35 Lightning II Aerostructures and Components Composite and metal aerostructures and electronics for the F-35 Lightning II, including horizontal tail leading edges, vertical and horizontal tails (with BAE Systems), Gun Pods, and Multi-Mission Pods. Produced under AS9100/EASA Part 21/Nadcap certifications for Lockheed Martin and BAE Systems.
• Terma LifeCare Service Agreements Maintenance, upgrade, spare parts, and technical support services for installed Terma systems covering radars, command and control, self-protection, and avionics products. Sold to defense forces, airports, ports, and critical infrastructure operators as multi-year contracts.

Quantifiable outcome

• 17% revenue increase and 43% order intake rise in fiscal year ended February 2026
• +4 more outcomes

Named customers18 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability11 records

Feature7 records

Partnerships

14 partnerships are on record, tiered core and minor.

• MBDAcoreStrategic or Co-development Partner · 19 June 2026Strategic cooperation agreement signed at Eurosatory defense fair in Paris. Partnership combines MBDA's global leadership in complex weapon systems with Terma's position as Denmark's largest defense company to strengthen European resilience and industrial base. The deal was attended by French and Danish government ministers and is expected to generate new defense solutions and support export growth.
• Space InventorminorStrategic or Co-development Partner · 15 June 2026BIFROST space mission demonstrating onboard AI transforms raw satellite observation into actionable situational awareness without ground infrastructure.
• Diehl DefencecoreStrategic or Co-development Partner · 12 June 2026Development cooperation agreement signed at ILA Berlin Airshow 2026, formalizing existing partnership of more than ten years focused on ground-based air defense systems and guided missiles. Agreement aims to develop new solutions in space activities, C-UAS systems, and air defense applications. Underscores Diehl Defence's commitment to Denmark following IRIS-T SLM acquisition in 2025.
• DroneShieldcoreTechnology or Integration · 4 May 2026MOU signed May 4, 2026 to collaborate on layered counter-UAS technologies, combining DroneShield's AI-powered detection and electronic warfare capabilities with Terma's advanced command-and-control software. Partnership targets military and critical infrastructure customers in Middle East, Asia-Pacific, and Europe with interoperable multi-sensor solutions.
• Lithuanian Wind Power Association (Lvea)minorStrategic or Co-development Partner · 30 January 2026MoU signed to jointly explore opportunities for wind energy development in areas restricted due to national security considerations, particularly radar protection zones. Four areas of cooperation defined including identifying restricted territories for potential reassessment.
• OSL TechnologycoreTechnology or Integration · 27 November 2025Acquisition completed November 2025 of UK-based specialist in counter-drone systems and intelligent security. OSL's civil airspace security expertise (including Heathrow Airport protection) combined with Terma's radar and command-and-control capabilities creates integrated end-to-end C-UAS platform. Transaction completed with exit from BGF investor.
• Lockheed MartincoreOEM/ Whitelabel/ Licensing PartnerMajor F-35 Lightning II supplier delivering more than 80 composite, metal, and electronics parts including horizontal tail leading edges, Gun Pods, and Multi-Mission Pods. Long-term price agreement for F-35 program. Partnership includes student internship programs at Lockheed Martin facilities in Texas and Georgia.
• BAE SystemscoreOEM/ Whitelabel/ Licensing PartnerF-35 program partner for composite structures including Horizontal and Vertical Tail on all variants. SCANTER 4100 radar selected for Royal Navy's Offshore Patrol Vessels. Long-term collaboration on naval and combat systems.
• NATOcoreStrategic or Co-development PartnerDelivery and installation of automated target recognition and identification system for NATO Alliance Ground Surveillance (AGS) Programme. Long-standing alliance partner with strategic cooperation across defense programs.
• ESAcoreStrategic or Co-development PartnerSpace program partner for more than 75 missions including BepiColombo, Rosetta, Solar Orbiter, Euclid, EarthCARE, and ASIM on ISS. Supplier of flight electronics, power systems, and ground segment software. Led industrial consortium for ASIM climate observatory.
• DAMENminorStrategic or Co-development PartnerNaval shipbuilder partnership for Danish patrol vessel consortium - Terma part of consortium with Odense Maritime Technology and PensionDanmark for modern naval vessels for Danish Armed Forces.
• TATAminorStrategic or Co-development PartnerPartnership with Tata Advanced Systems for manufacturing and integration of surface surveillance radar under Transfer of Technology in India.
• Naval GroupminorStrategic or Co-development PartnerFrench naval systems partner for SCANTER radar integration on French Navy vessels including Charles de Gaulle carrier.
• OHBminorStrategic or Co-development PartnerEuropean space manufacturer partnership for satellite programs and space segment solutions.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• OHB SE: European space manufacturer partnered with Terma on satellite and ground segment work. Directly comparable on space electronics, satellite avionics and ESA-aligned payload opportunities in Europe.
• Hensoldt: German defense electronics specialist focused on radar, sensors, electronic warfare and C2/counter-UAS solutions. Closest pure-play competitor to Terma's SCANTER, C-Flex and OSL C-UAS product lines across European land, sea and air domains.
• DroneShield: Australian counter-UAS specialist with RF detection, AI-based drone identification and electronic warfare capabilities. Active Terma partner (May 2026 MOU) and direct competitor in layered C-UAS for airports, military bases and critical infrastructure.
• Kongsberg Gruppen: Norwegian defense and aerospace company with defense communications, naval combat systems, and missile/air defense businesses. Direct overlap with Terma in naval C2/integrated air and missile defense for Scandinavian and allied navies.
• Thales: French defense electronics giant with extensive radar, naval combat management and electronic warfare portfolios. Directly competes with Terma on naval C2 and radar opportunities while also being a possible partner in NATO procurement contexts.
• Saab: Swedish defense and security company with overlapping radar (Erieye/Giraffe), command and control, electronic warfare, and aerostructures businesses. Most directly comparable mid-tier European platform peer, with similar mix of sovereign customers and defense prime partnerships.
• Elbit Systems: Israeli defense electronics company with comparable radar, EW, C2, C-UAS and aerostructures activities. Direct competitor in international C-UAS and self-protection markets where Terma sells C-Guard and OSL solutions.
• Indra: Spanish defense and technology company with strong presence in radar, naval C2 and air traffic management. Comparable mid-tier European defense electronics supplier pursuing many of the same NATO and EU programs as Terma.
• Leonardo: Italian defense and aerospace group with comparable radar, command and control, naval electronics, and air systems divisions. Overlaps in naval surveillance radar and naval C2 solutions supplied to European navies.

Broad incumbents

• BAE Systems Hägglunds: Within BAE Systems (a Terma partner/customer on F-35 and Royal Navy radar programs), Hägglunds and related defense electronics lines overlap with Terma's naval and ground systems work. Acts both as customer and competing incumbent on certain European platform programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/terma_global
• YouTubeyoutube.com/channel/UCcnIbDCti4e68JSFd1XwGJA
• LinkedInlinkedin.com/company/terma-a-s
• Instagraminstagram.com/terma_group

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Terma