MyDefence Doubles Earnings and Strengthens Global Position

At MyDefence, we are proud to look back on 2024 as a pivotal year. With earnings growing by more than 100 percent – from DKK 58 million to DKK 121 million – and our team expanding from 32 to 83 employees, we significantly reinforced our position as one of the world’s leading defence technology companies.

This growth reflects a sharp increase in global demand for reliable counter-drone technology, with our systems already in operational use across multiple regions.

Strategic Investments in Scalability and Innovation

To support this momentum, we made substantial investments in both development and production capacity in 2024. Across our sites in Denmark and the United States, a double-digit million-krone commitment enabled us to scale operations and bring new technologies to market.

Our latest systems feature faster data processing, broader frequency spectrum coverage, and increased resilience against electronic manipulation. Designed for modularity and operational flexibility, they can be deployed on personnel, vehicles, or fixed infrastructure – ensuring adaptable protection across a wide range of mission environments.

“We have reached this level because our solutions meet real operational demands – and because we have built an organisation capable of delivering quickly and efficiently in line with market expectations.”
– Dan Hermansen, CEO of MyDefence A/S

Global Expansion to Stay Close to End Users

To ensure faster delivery and local adaptation, MyDefence established a physical presence in key markets during 2024. We opened a new innovation and production hub in Oklahoma and a commercial headquarters in Washington D.C. through MyDefence North America LLC. In addition, a new office in Ukraine was launched to provide direct support to local forces operating under active conflict conditions.

Our global footprint ensures proximity to our customers, faster implementation, and solutions tailored to the specific needs of operational users.

Financial Strength Enables Scalable Growth

With the backing of private equity firm Bridgepoint, MyDefence now operates from a strong financial foundation with ample liquidity. This has enabled us to pursue long-term investments in technology development while maintaining stability in an increasingly unpredictable geopolitical landscape.

In 2024, we also established a new board of directors with strategic and operational depth. The board brings together leaders from European defence industries, EU-level political circles, and high-level military leadership – strengthening our ability to navigate complexity and maintain direction in volatile times.

Positioned for Continued Global Expansion

With a documented technological edge, expanded production capacity, and a growing international presence, MyDefence is well-positioned to increase its market share globally. We remain among the leading providers of counter-drone solutions and are ready to meet the evolving security challenges ahead.

“We now have both the commercial scale and technological readiness to assume a global leadership role in our field.”

– Dan Hermansen, CEO of MyDefence A/S