MyDefence doubles earnings in 2024 and expands global operations to meet rising demand

The sharp rise reflects increasing global demand for counter-drone systems, which are now in operational use across multiple regions. To support this demand, MyDefence made substantial investments in development and production capacity in both Denmark and the United States.

“Our latest systems feature faster data processing, broader frequency spectrum coverage, and increased resilience against electronic manipulation,” the company stated. These solutions are modular and can be deployed across personnel, vehicles, and fixed infrastructure, allowing for flexible mission configurations.

“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,” said Dan Hermansen, CEO of MyDefence A/S. The company underlined that its adaptability and rapid delivery were central to meeting market needs.

To improve delivery times and local responsiveness, MyDefence expanded its global footprint in 2024 with new facilities. These include an innovation and production hub in Oklahoma, a commercial headquarters in Washington D.C., and an operational office in Ukraine to support local forces.

The company now benefits from a strong financial foundation supported by private equity firm Bridgepoint, enabling it to invest in long-term technological development. This financial strength ensures stability amid growing geopolitical uncertainty.

A new board of directors was also established in 2024, bringing expertise from European defence industries, EU political bodies, and senior military leadership. This strategic leadership is intended to help the company navigate complex global conditions and guide future growth.

“With a documented technological edge, expanded production capacity, and a growing international presence, MyDefence is well-positioned to increase its market share globally,” the company confirmed. CEO Dan Hermansen added, “We now have both the commercial scale and technological readiness to assume a global leadership role in our field.”