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.
Country News
Country
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
Country
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 armoured personnel carriers in Ukraine and T-62 Main Battle Tanks. This move comes as Russia's armoured vehicle fleet continues to suffer significant losses.
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. EDGE Group entity, HALCON, which designs and produces guided weapons systems, signed a contract with The Scientific and Technological Research Council of Türkiye Defense Industries Research and Development Institute (TÜBİTAK SAGE) at IDEX 2023.
Investment
Country
Aspilsan Exported Cylindrical Lithium-Ion Batteries for the First Time
Aspilsan Energy started mass production of Aspilsan INR18650A28 Li-ion batteries in the third quarter. The Kayseri-based company exported the product soon after mass production.
Logistics
Country
Otokar Exports 4x4 Armoured Vehicles Worth 54 million USD
Otokar has signed an export contract amounting to approximately USD 54 million to sell 4x4 Tactical Wheeled Armoured Vehicles, including their spare parts, maintenance, training services, and integrated logistics support services. Deliveries under the contract are planned to be completed in batches by the end of 2023.
Country
Bilateral Relations
World Assisting Turkiye After Earthquakes
A state of emergency was declared in the region due to two major earthquakes in Turkiye on February 6, 2023, which affected ten provinces. Death toll from earthquake rises to 6,957 with 38,224 injured Turkiye. The World Health Organisation declared a “Level 3 Emergency”. Level 3 stands for the highest emergency, WHO’s agency-wide assets are called upon to be mobilised.
Navy / Maritime
Country
Brazil Sinks Ex-Sao Paulo Aircraft Carrier, Causing Environmentalist Concerns
Brazilian Navy sank its former aircraft carrier ex-NAe Sao Paulo in the Atlantic Ocean. French Navy’s Clemenceau-class carrier, originally known as Foch, entered service in 1963. The ship was retired in 2000 when the French Navy commissioned the Charles de Gaulle carrier. It was then transferred to Brazil and renamed Sao Paulo, with Brazil named as the ship’s “final user” in the bilateral agreement. In November 2000, Sao Paulo joined the Brazilian fleet.
Country
Keleş will be Appointed as MKE’s New General Manager
There is a change of duty in Makine ve Kimya Endüstrisi (Makine ve Kimya Endüstrisi Inc / MKE), a Turkish weapons and military chemical producer. İlhami Keleş became the new General Manager of the company.
Navy / Maritime
Country
GAO: Navy’s Ships Suffer Continuous Breakdowns and Failures
GAO report states that the Navy’s sustainment challenges have worsened across the ship classes. Similarly, the cost per sailing hour has also increased.
Country
Kementah Cancels Five Contracts
Malaysian Defence Ministry (Kementah) today announced the cancellation of five supply, services and infrastructure contracts. It did not name the projects, costs, beneficiaries, or reason for the cancellation. In a press release, the ministry said it took serious notice of the statement made by Prime Minister DS Anwar Ibrahim on expenditure leakages on January 17 2022.
