What is ATP?
Arbejdsmarkedet Tillægspension (ATP) is a pension fund to which all employees in Denmark automatically contribute a portion of their salary. Full-time employees pays 99 of their wages, while the employers pays 198 DKK a month. ATP administrates a sum of of around 700 billion DKK on behalf of its members, which the fund invests to provide the highest possible return for its members. At retirement age, ATP Livslang Pension is paid out as a fixed monthly sum of money that supplements the state pension. Most of it is financed by returns on ATP's investments.
In 2024 ATP invested a "single-digit sum of DKK" in the Danish arms manufacturer, Terma
Note: The articles are in Danish. We encourage you to translate the text in the articles to english or your preferred language via the website Deepl.com to read them.
ATP's investments in Terma
As mentioned, in juni 2024 ATP invested a unknown amount of billions in the Danish arms manufacturer, Terma. The investment made ATP a 10%-owner of Terma, and Anders Schalde, Director of ATP Long-Term Capital, joined as an ordinary member of the Board of Directors. With this investment, Terma expects to double its turnover within a few years. This means that all wage earners in Denmark have become involuntary contributors to Terma's dramatic upscaling and production of weapon parts used in the genocide in Gaza. Furthermore, most major, Danish labour unions are represented in ATP's board of directors and board of representatives and has been involved in approving the investment.
Note: The articles are in Danish. We encourage you to translate the text in the articles to english or your preferred language via the website Deepl.com to read them.
What is Terma?
Terma is a Danish arms manufacturer that has been producing high-tech weapons and weapon parts since 1949, which have been used in various war zones around the world, including the genocide against the Palestinian people in Gaza.
Terma has produced arms components for the F-35-programme since 2004. The F-35 aircraft is manufactured by several suppliers, after which the aircraft are assembled in the United States and exported to countries such as Israel. According to Terma itself, the company supplies over 80 mission-critical parts for the F-35 aircraft.
This means that all F35 aircraft produced today carry parts from Terma.
Terma profits greatly from war and genocide. Their profits grew by 30% between 2023 and 2024, while their turnover rose from approximately 2.6 billion in 2024 to approximately 2.9 billion in 2025.
Terma's new CEO, Henriette Hallberg Thygesen, was previously employed by A.P. Møller Mærsk, which transports weapons to Israel. Terma has approximately 1,700 employees. Their main factory is located in Lystrup near Aarhus, and they also have a factory in Grenaa and headquarters in Søborg near Copenhagen.
Terma has branches in Germany, Singapore and the United States.
Note: The articles are in Danish. We encourage you to translate the text in the articles to english or your preferred language via the website Deepl.com to read them.
Terma and F-35 jets in Gaza
The Danish government and Terma are directly contributing to genocide in Gaza, where Israel has killed over 100.000 Palestinians. Investigative journalism have documented that Danish-equipped F-35 aircraft are being used by Israel for air-strikes in Gaza. Furthermore, the investigation shows that components from Terma were also used in connection with Israel's attacks on Gaza in 2021 and 2022.
According to the investigative media, Danwatch, these Danish-equipped F-35 aircrafts participate in bombings with heavy "megabombs" in densely populated areas, causing massive civilian casualties and widespread destruction, for example in the bombing of in Khan Younis the 17th of July 2024.
Terma states that they are 'happy and proud' to be able to contribute to the F-35 programme.
Note: The articles are in Danish. We encourage you to translate the text in the articles to english or your preferred language via the website Deepl.com to read them.