ASELSAN [BIST: ASELS] has surpassed a market capitalisation of 2 trillion TL, becoming the first publicly traded company in Türkiye to reach this level amid a strong rally in defence stocks.
The milestone was reached as ASELSAN shares climbed above the 430 TL level in recent trading, marking a sharp continuation of its upward trend and pushing the company to the top of Borsa Istanbul by valuation.
The move cements ASELSAN’s position as the most valuable listed company on Borsa Istanbul by market capitalisation.
Export-driven growth in Türkiye’s defence sector, combined with rising geopolitical tensions, has accelerated capital inflows into defence equities globally, positioning ASELSAN as a key beneficiary of global investment trends.
Company data points to strong underlying fundamentals supporting the rally. ASELSAN reported revenues of 34.3 billion TL in the first quarter of 2026, reflecting real growth of 15 percent year-on-year. Export contracts rose by 69 percent over the same period, while total backlog reached approximately $20.7 billion.
ASELSAN’s scale, export growth, and diversified high-technology portfolio have set it apart from other listed companies in Türkiye. The company ranked 42nd in the Defense News Top 100 list for 2024, marking its break into the Top 50 of the global defence industry.
This combination of strong financial performance and expanding international demand has reinforced investor confidence, with ASELSAN’s portfolio — spanning radar, electronic warfare, electro-optics, and communication systems — placing it among a limited group of defence firms capable of delivering high-value, system-level technologies.
The rally also reflects a broader shift in capital allocation, as investors increasingly favour defence and high-technology manufacturing sectors in response to global security dynamics.
This trajectory reflects not a short-term spike, but a structural revaluation driven by both fundamentals and sustained market momentum.
