What Happened
Turkish Defence Company Expands Air Defence Capabilities
ASELSAN has signed a €523 million contract with Türkiye’s Presidency of Defence Industries (SSB) to develop a new-generation air and missile defence system. The contract is expected to have a positive effect on ASELSAN’s turnover, with the company’s backlog reaching $30.7 billion. ASELSAN has disclosed several air defence contracts in recent months, including a €1.234 billion subcomponent contract with ROKETSAN and a €2.46 billion hybrid air defence contract. The company’s revenue has grown 28% in the first nine months of 2026, with EBITDA reaching TL40.6 billion. This development was first reported by Quwa.