Defense boom gives East Jutland technology company record order book

The global rearmament and growing demand for security technology is now clearly visible at Terma. The East Jutland defense and technology company ends the 2025/26 financial year with an order intake of DKK 5.6 billion and an order book of DKK 6.9 billion.

Terma announces this in a press release.

The order book has increased 43 percent compared to the previous year, while revenue amounted to DKK 3.4 billion, corresponding to an organic growth of 16 percent. Operating profit before special items and tax was DKK 396 million, which is 22 percent higher than last year.

“Our results show that our strategic focus is in line with the structural changes we see in the security landscape. Demand is increasing in both defense and critical infrastructure, and we are well positioned to meet this demand,” says Henriette Hallberg Thygesen, CEO of Terma.

Security technology in growth

Terma’s growth comes at a time when defense, emergency preparedness and critical infrastructure protection are increasingly important in both Denmark and Europe.

According to the company, demand is particularly driven by the need for new capabilities in defense, drone countermeasures and critical infrastructure security. These are areas where technology, software, sensors and data-driven systems are becoming increasingly central.

During the year, Terma acquired UK-based OSL Technology to strengthen its competencies in counter-UAS, i.e. technologies to detect and combat drones. The company has also established a subsidiary in Kyiv and is building local partnerships in Ukraine.

Investments in capacity and people

The growing order backlog means that Terma is now investing further in production, supply chains, technology and employees.

During the financial year, almost 600 new employees joined the company. This underlines how the defense and security sector has become not only a political and geopolitical growth area, but also a labor market for engineers, software professionals and specialists.

“Our ability to scale and deliver is driven by the people behind the technology. I would like to thank all colleagues throughout Terma for their dedication and hard work in a year of high activity and growth,” says Henriette Hallberg Thygesen.

For Aarhus and East Jutland’s tech community, the development fits into a broader movement where security technology, cyber, defense and critical infrastructure are increasingly important. With companies like Terma and Systematic, new ventures like Security Tech Space and increased focus on cybersecurity at Aarhus University, the region is building a stronger position at the intersection of technology and security.

A market with long-term demand

Terma itself points out that the growth is not only due to one-off orders, but a more structural demand in the market.

The company has an operating cash flow of DKK 730 million and a solvency ratio of 41.2 percent, which according to Terma provides a basis for continued investments in growth and technology.

“The results reflect a well-functioning company operating in a market with sustained demand. Supported by a strong financial foundation and long-term ownership, Terma is well equipped for the future,” says Carsten Dilling, Chairman of the Board of Terma.

For the startup and innovation community, this development is interesting because it shows how defense and security is increasingly becoming a technology market with room for large industrial companies, specialized suppliers and new startups.

As Europe invests more in security, the need for solutions in software, sensors, AI, drone protection, communication and robust infrastructure is also growing. This could make the sector a more central part of the East Jutland innovation ecosystem in the coming years.