F-16 Supplier Gets Financing Edge After EU Boosts Defense Support
- Denmark-based Terma profits from shift in EU policy focus
- Aerospace company emboldened after getting first EIB loan
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Little Denmark is offering big clues to the European Union’s defense-policy ambitions.
Terma A/S, a closely held Danish aerospace company, says business is looking up because of the EU’s fresh focus on security. The maker of radars for airports and electronics for the F-16 fighter jet recently accepted its first loan from the European Investment Bank after the terms for the 28 million-euro ($32 million) deal proved more attractive than anything from private lenders, including the company’s traditional financier, Danske Bank A/S.