ASELSAN demonstrated a strong financial performance in the first quarter of 2024 and took important steps in Turkey’s defense industry. The company announced that it reached the highest balance order figure in its history ($11.1 billion) with a net profit of 1.2 billion TL. The basis of this success is the export-oriented growth strategy and innovative projects in the defense industry.
ASELSAN reached a balance order of 11.1 billion dollars, and its first quarter profit was 1.2 billion lira!
ASELSAN General Manager Ahmet Akyol said that the company makes significant contributions to the national defense ecosystem and economy. During this period, while the company modernized M60T tanks within the scope of the Project on Adding Additional Capabilities to Tanks, it also developed avionics systems for the KAAN warplane.
In addition, while increasing the submarine defense capabilities of the Turkish Navy with DÜFAS (Low Frequency Active Sonar System), it successfully completed the first diving tests of the Autonomous Underwater Vehicle Deringöz. In addition to these important developments, new projects such as MARLIN Unmanned Marine Vehicle, YENER Mine Detection System and TOLUN Guided Munitions have also been added to the inventory.
ASELSAN also increases its exports abroad. The company, which made the first export of the ASELFLIR-500 EO Reconnaissance, Surveillance and Targeting System, integrated the MURAD Aircraft Nose Radar into the F-16 platform and started test flights.
Of course, the company’s activities are not only in the military field. Because ASELSAN, which also operates in the civilian field, has implemented important projects such as the mobile x-ray device (ADR-M100) and the ALP 300-G Portable Early Warning Radar System.
The company’s future goals include becoming one of the 30 largest defense industry companies in the world. To achieve this goal, it determined the roadmaps to be followed in its products and technologies until 2030 and started four major investments exceeding 400 million dollars.
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