Defence Industry First Quarter Exports 1.5 Billion USD
Turkish defence industry export volume reached 418.1 million dollars in April 2023. The sector aims to close the year with six billion USD of exports.
Country News
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12.2 billion USD Turnover in Defence and Aviation
The defence industry’s turnover reached 12.2 billion dollars. SSB President Demir evaluated SASAD’s Performance Report.
Country
Global Military Expenditure Increases, Turkiye’s Decreases
SIPRI estimates an increase of 3.7 per cent in global military expenditure in real terms in 2022, reaching $2240 billion. Türkiye’s decreased 26 per cent.
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Defence and Aerospace Exports Exceeded 1 billion Dollars
The Turkish Exporters Assembly (TIM) announced the export volume of the Turkish defence and aerospace industry sector in March 2023 as 506.2 million dollars.
Country
Chica: France has to Reorganise DGA
A high-level French Official stated that the transformation of the French Defence Procurement Agency (DGA) is urgently necessary.
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Bilateral Relations
Turkiye has Defence Industry Cooperation Agreement with 84 Countries
Turkiye has a "defence industry cooperation agreement" with 84 countries for export opportunities and to find solutions for the problems in the chain of supply.
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ASELSAN Signed an Export Contract of Approximately 19 million USD
ASELSAN signed an international sales contract worth $18.87 million for the supply of defence systems for a major international shipyard.
Air
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Unmanned Systems
Who Saves the Drone that Crashes into the Black Sea?
A Russian Su-27 fighter jet intercepted on March 14 an MQ-9 Reaper while flying in international airspace over the Black Sea. The Russian crashed into the propeller of the MQ-9 Reaper, causing the UAV to fall.
Country
SIPRI Published 2022 Arms Trade Report: U.S. Dominates Arms Trade
SIPRI published its global arms trade report for 2022. The report indicates increased arms imports to Europe while US domination increases.
Ammunition
Logistics
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Pentagon’s 2024 Priority; Replacing Ammunition Stocks
U.S. President Joe Biden will present the U.S. defence budget on Thursday. The total amount of budget for next year could exceed $835 billion. This would become one of the enormous peacetime defence budgets. The current budget is $816 million, according to the official P-1 summary document obtained by Bloomberg News. The $170 billion procurement bid exceeds Congress’s budget for this fiscal year by $8 billion. The research and development requests are about $5 billion higher than Congress’s approval.
Land
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Russia’s 60-Year-Old Tanks on Ukraine Front
According to the most recent British intelligence claims, the Russian military has started deploying BTR-50 APC in Ukraine and T-62 Main Battle Tanks.
Country
ASELSAN's Annual Turnover Increases by 75 Per Cent
ASELSAN’s financial results for 2022 have been announced as the company’s shares are on Istanbul Stock Market. Accordingly, ASELSAN’s annual turnover increased by 75 per cent compared to the same period of the previous year and reached 35.3 billion TL. ASELSAN continued its growth this year as well. Following the company’s increasing gross profit, earnings before interest taxes, depreciation, and amortisation (EBITDA) increased by 72 per cent compared to the same period of the last year and reached 9.5 billion TL. With an EBITDA margin of 27 per cent, ASELSAN’s net profit increased by 67 per cent compared to the same period of the previous year and reached TL 11.9 billion. The company’s equity-to-assets ratio was 52 per cent.
Country
Expo and Air Show
SAGE Exports its Knowledge to UAE
TUBİTAK SAGE signed a contract with United Arab Emirates’ EDGE entity HALCON to train employees in formulating composite propellants.
Investment
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Aspilsan Exported Cylindrical Lithium-Ion Batteries
Kayseri-based Aspilsan Energy started mass production of Aspilsan INR18650A28 Li-ion batteries in the third quarter.
