Terma and Aselsan Sign MoU

During the IDEF’15 exhibition in Istanbul, Aselsan, Turkey's leading defense company, and Terma, signed a Memorandum of Understanding (MoU). The purpose of the MoU is to generate an agreement which defines potential areas of collaboration. The MOU also includes transferring of ownership and intellectual property rights of Terma’s F-16 Modular Reconnaissance Pod from Terma to Aselsan.

Terma has substantial expertise and experience in developing, designing, and manufacturing advanced structures for fighter aircraft including reconnaissance pods, electronic components and software to industries and customers within the international defense market.

Aselsan has substantial expertise and experience in design, development, and integration of Radar and Electronic Warfare systems.

Senior Vice President Steen M. Lynenskjold said: “We see strong synergies between our companies. Terma’s aerospace experience within electronic warfare equipment including 3D-Audio high-end technology provides promising opportunities for collaboration. We look forward to combining Aselsan’s and our core capabilities to provide air forces with proven and reliable solutions.”

Aselsan Vice President and Head of Aselsan Radar and EW Systems Business Sector Mr. OAYuz Ažener said: “Collaboration with Terma brings more benefit to our customers who will use the indigenous Radar and EW systems designed and developed by Aselsan for fighters.”

Source: Terma A/S
Date: May 13, 2015