TAQNIA

Turkey's leading defense systems producer ASELSAN has marked an increase of 273 percent in its net profit in 2016 when compared with 2015. 
 

The Turkish Armed Forces Foundation company, ASELSAN, said on Dec. 27 that it had established a joint venture with Saudi firm TAQNIA in Saudi Arabia.

In a statement to the Borsa Istanbul, Turkey's main stock exchange, the company said the registration of its joint defense company SADEC had been completed.