Forces Foundation

Defense giant Aselsan, 85 percent of which is owned by the Turkish Armed Forces Foundation, became the most valuable company listed on the Istanbul main stock exchange (BIST) on Nov. 14, surpassing Garanti Bank and Koç Holding early.

The world's leading defense companies will present their latest technologies and products at the 13th International Defense Industry Fair (IDEF) to be held between May 9 and 12 in Istanbul.

A Turkish defense company is set to introduce a series of new drones with high-tech capabilities to be used in anti-terror and security operations, Hurriyet reported on May 7.

A Turkish defense company is set to introduce a series of new drones with high-tech capabilities to be used in anti-terror and security operations, state-run Anadolu Agency reported on May 7. 

A Turkish defense company is set to introduce a series of new drones with high-tech capabilities to be used in anti-terror and security operations, state-run Anadolu Agency reported on May 7. 

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.      

Chinese telecom and mobile equipment group ZTE Corp. has agreed to buy 48.04 percent of Turkish systems integration provider Netaş Telekomunikasyon A.Ş. (NETAŞ) for 358 million Turkish Liras ($101.3 million) in order to expand in Turkey and the region, Netaş announced Dec. 6.

Anka, an unmanned aerial vehicle developed by the Turkish Aerospace Industries (TAI), carried out its debut missionary flight in the eastern province of Elaz?? on Feb. 5. 

Taking off from Elaz?? Airport, Anka ("Phoenix" in English) ascended to an altitude of 19,000 feet to carry out a four-hour exploration and observation flight. 

A Turkish defense systems producer has signed a tripartite agreement with two Saudi companies.

Many new, locally-produced defense products and technologies have been exhibited in the 12th International Defense Industries Fair (IDEF), which will run until May 8.