- BIST10011,165+0.13%
- USD49.79+0.05%
- EUR55.52-0.41%
- GOLD4,043.80-0.19%
- INTEREST36.00%-1.00
- BITCOIN79,867-1.72%
- October 29, 202617°
- BIST10011,165+0.13%
- USD49.79+0.05%
- EUR55.52-0.41%
- GOLD4,043.80-0.19%
- INTEREST36.00%-1.00
- BITCOIN79,867-1.72%
- October 29, 202617°
Aselsan opens guided-munitions center, raises R&D spending 36%
Türkiye’s defense company Aselsan announced that it signed new contracts worth $14 billion in the first nine months of 2026, the highest level in its history.
Türkiye’s defense electronics company Aselsan increased its research and development spending by 36% to about $1.3 billion in the first nine months of 2026, while its investments in production capacity and advanced technologies surged 228% to $684 million.
To meet rising demand, the company brought the first phase of the Oğulbey Technology Base into operation and opened a center for producing guided-munition systems.
During the same period, Aselsan signed new contracts worth $14 billion, a record in its history, raising its backlog to $30.7 billion and surpassing $30 billion for the first time. New export contracts increased 34% to $1.9 billion.
The company’s revenues rose 28% in real terms to 151.5 billion Turkish liras, while its earnings before interest, taxes, depreciation and amortization increased 38% to 40.6 billion Turkish liras.
Have a story, event or announcement of your own?Send us your news on WhatsApp
Spotted an error in this story?Report it on WhatsApp
Share on all social platforms
Sponsored Ads
Featured Listings
Loading featured properties...
Stay Updated with Hilal Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
