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Turkey Eyes Defense Industry as Economic Growth Driver

September 13, 2026

2 min read

Key Takeaways

Turkey plans to turn its defense industry into an economic growth engine.
Defense spending to increase to $42.67 billion by 2029.
Funding will support projects like KAAN fighter jets and Bayraktar drones.
Turkey aims to develop domestic supply chains and attract technology.

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Strategic Implications

Turkey's focus on its defense industry may indicate a shift towards self-sufficiency and technological development, which could strengthen its position in international markets and enhance its security. This move suggests that Ankara views the defense sector as a key driver of economic growth, which could have implications for its relationships with Western and Asian partners.

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What Happened

Ankara Shifts Focus to Defense Projects for Economic Development

Turkey is planning to turn its defense industry into a major driver of economic and technological development, with a significant increase in defense spending expected over the next few years. The country’s Medium-Term Economic Program for 2027-2029 outlines measures to curb inflation, attract investment, and increase exports, with a focus on developing domestic supply chains and attracting technology. According to Ukraine’s Foreign Intelligence Service, Turkey’s defense spending is expected to reach $42.67 billion by 2029, with funding directed towards projects such as KAAN fighter jets, Altay tanks, and Bayraktar drones. This was reported by Ukraine’s Foreign Intelligence Service.

Source | Originally Published: September 13, 2026

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