Terma signs MOU with Aselsan of Turkey

A Memorandum of Understanding on areas to be jointly explored for collaboration has been signed by Terma A/S of Denmark and Turkey's Aselsan defense company.

The MOU also covers the transfer of ownership and intellectual property rights of Terma's F-16 modular reconnaissance pod to the Turkish company.

"We see strong synergies between our companies," said Terma Senior Vice President Steen M. Lynenskjold. "Terma's aerospace experience within electronic warfare equipment, including 3D-Audio high-end technology, provides promising opportunities for collaboration.

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