Aselsan

Some 55 Turkish defense contractors participated in the Azerbaijan International Defense Exhibition ADEX held in Baku, showcasing homegrown aircraft and more.

The Turkish defense companies that participated in the expo include Aselsan, Roketsan, Turkish Aerospace Industries (TAI), Roketsan, Asfat, Baykar, and Ulak Communication, as well as the Turkish Defense Industry Agency (SSB).

Turkish security forces are ramping up preparations to prevent PKK from establishing winter bases in the mountainous regions near the country's borders, local media has reported.

The number of base areas has increased this year as part of enhanced precautionary measures, daily Milliyet reported on Sept. 16.

Turkish defense company Aselsan has reported a net income of 3.6 billion Turkish Liras ($106 million) for the first half of 2024, a 133 percent increase from a year ago.

Turkish defense firms Aselsan and Roketsan have signed strategic agreements for defense industry transfers with Indonesia under the leadership of Türkiye's Presidency of Defense Industries (SSB) in Jakarta.

Turkish firm Aselsan attended the Farnborough International Airshow in the U.K., where Ahmet Akyol, the company's CEO, told state-run Anadolu Agency that the military provider is working hard to be one of the top 30 defense companies by 2030.

The Turkish defense industry infrastructure is now ready to meet the needs of not only Türkiye but also its allies, the head of the Defense Industries Presidency has stated.

ASELSAN, a leading Turkish defense company, announced strong financial results for the first quarter of 2024. Quarterly revenues increased by 5 percent year-on-year to 15.1 billion liras ($542 million), while gross profit also saw a 3 percent increase compared to the same period last year.

Approximately 11,000 personnel have participated in the Turkish Armed Forces' largest joint military exercise in the western province of İzmir.

With 1,500 foreign military personnel from 45 nations, the exercise, which commenced on May 9, witnessed a "public day" on May 27, where military personnel families and relatives of martyrs and veterans attended a dedicated segment.

Net income of Türkiye's leading defense company Aselsan soared from 1.19 billion Turkish Liras in 2022 to 7.4 billion liras ($230 million) last year, pointing to a 520 percent increase.

Turkish defense industry firm Aselsan has developed Türkiye's first indigenous over-the-horizon submarine defense warfare sonar, facilitating the detection of underwater threats over vast distances.