Manufacturer catalog

TEREM Joint Stock Company

TEREM Joint Stock Company is the catalog name for Bulgaria's TEREM defense-repair and production holding, a state-owned Ministry of Defence company whose plants support aviation equipment, ships, armored vehicles, small arms, artillery and missile weapons, ammunition, radar, and communications equipment.

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TEREM's public identity is a holding-company network rather than a single modern product-line manufacturer. The official company history traces the organization to the Ministry of Defense's Military Repair Bases and Plants department, created in 1965 for Bulgarian Army repair, modernization, and spare-parts production. The same official history says TEREM EAD became a 100 percent state-owned sole stock company under a 17 April 1998 Council of Ministers order, after earlier defense-industry restructuring.

For the catalog, the most direct weapon connection is the Bulgarian BMP-23/BMP-30/BRM-23 armored-vehicle family. Forecast International identifies Terem SHC, Bulgarian Military Repair Factories as prime contractor for the family and states that TEREM Joint Stock Company took over production in the early 1990s after the Bulgarian State Factories developed the original BMP-23 and BMP-30 designs. Current official TEREM pages also show why the attribution remains structurally relevant: TEREM - Khan Krum handles armored-vehicle repair, modernization, production, and parts work, while the broader holding covers defense equipment sustainment across land, air, naval, weapons, ammunition, radar, and communications categories.

armored vehicle repair and modernizationaviation equipment sustainmentnaval ship repairsmall arms and artillery repairmissile and ammunition supportradar and communications equipment support

Notable Systems

BMP-23, Infantry fighting vehicle, Armored Vehicles

BMP-23

Infantry fighting vehicle

The catalog's BMP-23 entry covers the Bulgarian tracked infantry fighting vehicle family whose prime contractor is listed by Forecast International as Terem SHC, Bulgarian Military Repair Factories.

Sources: Forecast International BMP-23 BMP-30 BRM-23
BMP-23, Infantry fighting vehicle, Armored Vehicles

BMP-30 / BRM-23 family branches

Infantry fighting vehicle

Forecast International treats the BMP-30 infantry vehicle and BRM-23 reconnaissance vehicle as TEREM-linked branches of the same Bulgarian BMP-23 family, with reported production restarts after the early low-rate run.

Sources: Forecast International BMP-23 BMP-30 BRM-23

Manufacturer History

  1. Military Repair Bases and Plants department established

    TEREM's official history says the Ministry of Defense created the predecessor repair-bases department in 1965 to meet Bulgarian Army repair, modernization, and spare-parts requirements.

    Sources: TEREM History

  2. TEREM EAD becomes a 100 percent state-owned company

    TEREM says Council of Ministers Order No. 18 transformed the Military Industry Directorate into TEREM EAD as a sole stock company with full state ownership.

    Sources: TEREM History

  3. TEREM - Ovech merged into TEREM - Khan Krum

    The official history records the 2019 merger of the Provadia Ovech plant into TEREM - Khan Krum, consolidating armored-vehicle and related repair capacity under the Targovishte subsidiary.

    Sources: TEREM History, TEREM Structure

  4. Bell and TEREM sign Bulgarian Air Force maintenance MOU

    Bell Textron Prague announced a memorandum with TEREM Holding Bulgaria for potential local maintenance support, retrofits, modifications, and upgrades for Bulgarian Air Force Bell 206 helicopters.

    Sources: Bell Textron TEREM MOU

Predecessors
Military Repair Bases and Plants department, Ministry of DefenseMilitary Industry Directorate, Ministry of DefenseBulgarian State Factories
Subsidiaries
TEREM - Letets EOODTEREM - Ivaylo EOODTEREM - Khan Krum EOODTEREM - Tsar Samuil EOODTEREM - KRZ Flotski Arsenal - Varna EOOD

TEREM is treated as a Bulgarian state-owned defense repair, modernization, and production network. Public sources differ between TEREM Joint Stock Company, TEREM EAD, TEREM - HOLDING EAD, and Terem SHC; the profile uses those labels as aliases for the same catalog manufacturer context where sources connect them to the TEREM military repair-factory organization.

Manufacturer Sources

  • TEREM Official WebsitePublisher: TEREM - HOLDING EAD | Note: Supports TEREM's current official identity, state ownership, defense-repair and modernization scope, contact address, and GPS coordinates. | Accessed: 2026-07-11
  • TEREM StructurePublisher: TEREM - HOLDING EAD | Note: Supports Ministry of Defence ownership, the five-subsidiary structure, headquarters contact details, and subsidiary activity summaries including armored-vehicle work at TEREM - Khan Krum. | Accessed: 2026-07-11
  • TEREM HistoryPublisher: TEREM - HOLDING EAD | Note: Supports the 1965 predecessor department, the 1998 state-company transformation, the 2019 Ovech merger into TEREM - Khan Krum, and the historical production, repair, and modernization role. | Accessed: 2026-07-11
  • TEREM Khan Krum Special ProductionPublisher: TEREM - HOLDING EAD | Note: Supports TEREM - Khan Krum's armored-vehicle and tank overhaul parts, modernization parts, MTLB/BMP parts, 2S1-related work, and heavy-vehicle support activities. | Accessed: 2026-07-11
  • Forecast International BMP-23 BMP-30 BRM-23Publisher: Forecast International | Note: Supports TEREM's prime-contractor attribution for the BMP-23/BMP-30/BRM-23 family, production takeover in the early 1990s, production estimates, and variant-family context. | Accessed: 2026-07-11
  • BTA TEREM Restructuring ReportPublisher: Bulgarian News Agency | Note: Supports current public reporting on TEREM's state-owned Ministry of Defence status, repair and modernization scope, and 2026 restructuring discussion. | Accessed: 2026-07-11
  • Bell Textron TEREM MOUPublisher: Textron Inc. | Note: Supports the 19 November 2025 Bell Textron Prague and TEREM Holding Bulgaria memorandum covering potential Bulgarian Air Force Bell 206 maintenance, retrofit, modification, and upgrade support. | Accessed: 2026-07-11

Produced weapons

Category

Armored Vehicles

Troop carriers, infantry fighting vehicles, and protected mobility.

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