Military–industrial complex

ASELSAN, Baykar and TUSAŞ ranked among the world's top 100 arms-producing and military services companies in 2023, according to a report by the Stockholm International Peace Research Institute (SIPRI).

Türkiye was among the world's top military spenders in 2023, according to a new report by the Stockholm International Peace Research Institute (SIPRI).

The country's military spending amounted to $15.8 billion last year, ranking 22nd in the world, climbing one spot from 2022.

Türkiye's share in global arms exports increased from 0.7 percent in 2014-2018 to 1.6 percent in 2019-2023, according to a report by the Stockholm International Peace Research Institute (SIPRI).

This marked a staggering 106 percent change between the two periods.

Türkiye ranked 11th largest exporter in the world in 2019-2023.

Some 63 Turkish companies attended the second edition of the World Defense Show that was held in Saudi Arabia's Riyadh between Feb. 4 and 8.

Türkiye was the second-largest country in terms of the number of companies present at the fair, said Haluk Görgün, the president of Defense Industries.

Türkiye has increased its annual exports of defense industry products by 27 percent in the year 2023, the head of the defense industry presidency has said, informing that around 230 different products were sold to 185 countries in the world.

In other news, the European Parliament threatens to take away Hungary's EU presidency next year; Poland moves to set up controversial commission to investigate Russia lobbying; and Czech TV finally to get more money.

The world's biggest weapons manufacturers largely avoided the economic downturn caused by COVID-19 and recorded a growth in profits last year for the sixth year in a row, according to a report published on Dec. 6.

Turkey is preparing to host the International Defense Industry Fair (IDEF) in Istanbul in May.

Among the world's major defense industry fairs, the 15th IDEF will be held under the auspices of the Presidency of the Republic of Turkey and under the management and responsibility of Turkish Armed Forces Foundation between May 25-28.

The US House of Representatives on Tuesday overwhelmingly backed a $740 billion defense policy bill that President Donald Trump has pledged to veto, heading toward a confrontation with the Republican president weeks before he is to leave office.

Ankara and Moscow are in talks on production of the S-400 air defense systems component parts in Turkey, Alexander Mikheev, head of Russian official arms exporter company Rosoboronexport, said on July 25.