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- November 1, 202614°
- BIST10010,760-3.63%
- USD49.86+0.15%
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- INTEREST36.00%-1.00
- BITCOIN77,408-0.04%
- November 1, 202614°
Turkish defense firm ASELSAN's foreign sales deals climb by a third
Turkish defense company ASELSAN signed a record $14 billion in new contracts during the first nine months of 2026, while its order backlog exceeded $30 billion for the first time.
Turkish defense electronics manufacturer ASELSAN signed $1.9 billion in new export contracts during the first nine months of 2026, a 34% increase from the same period a year earlier.
During this period, the company signed a total of $14 billion in new contracts, a record in its history. ASELSAN's order backlog rose to $30.7 billion, exceeding $30 billion for the first time.
The company's revenue increased 28% in real terms to 151.5 billion Turkish liras, while EBITDA rose 38% to 40.6 billion liras. The ratio of new orders to sales reached 4.4.
Investment in capacity and high technologies increased 228% to $684 million, while research and development spending rose 36% to approximately $1.3 billion. To handle its growing order volume, ASELSAN launched the first phase of the Ogulbey technology base and a center for manufacturing guided munitions systems.
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