Page 9 - ADEX 2024 - DAY 1

Aselsan Among Top Ten Fastest

Growing Defence Companies

Türkiye’s defence major Aselsan moved five a revenue growth of about 30% in 2023. Its growing defence companies. In recent
spots up on Defence News’ annual “Top total turnover reached US$3.2 billion, with years, the company has had great success
100 Defence Companies List,”, from defence accounting for 94% of the total. The exporting its products to a growing list
47th last year to 42nd this year, but Ahmet company also secured new export contracts of countries. According to Akyol, Aselsan
Akyol, President & CEO of the company, has worth US$601 million and expanded its signed export deals for the first time for
set his sights higher. global footprint to 88 countries. eight of its products, including Korkut, Cenk,
Fersah, Aselflir 500, and Gozde. The compa-
Akyol says the company’s goal is to be one The first half of 2024, if anything, has turned ny also exported its products to three new
of the top 30 defence firms in the world out to be even better. During the period, countries during the period.
by 2030. “It is an achievable goal if we Aselsan’s revenues reached 35.7 billion
continue our 10 percent growth rate and TL (over US$1 billion) with an 8% growth On the home front, Aselsan delivered its
I am confident that we will,” Akyol said. rate, while net profit grew by 133% to 3.6 ALP 300 G Portable Early Warning Radar
“With nearly 11,000 employees, 16 local billion TL. The total backlog of the company System and its AESA Aircraft Nose Radar
subsidiaries and 18 international offices, stands at US$12.3 billion, including US$2.6 to the country’s security forces. Besides
we are well-positioned to achieve even billion worth of new contracts. Of the new launching the 8×8 vehicle integrated version
greater rankings.” contracts, international deals amount to of the Korkut Air Defence Weapon System in
US$365 million. In July, the company made Europe, the company equipped TÜRKSAT 6A
The exponential growth of the Turkish de- its debut as an exhibitor at the Farnborough with its advanced communication payloads
fence industry is one of the major reasons Airshow, one of the two biggest tradeshows and continued work on development of the
why Akyol is optimistic that Aselsan, pro- in the world, displaying capabilities in seven Goksur Close in Air Defence System. Among
ducer of military electronics and defence different technological areas such as elec- the other milestones in the first half of the
systems, will reach its 2030 goal. “Turkey tro-optical reconnaissance, surveillance, and year were the completion of the extend-
was earlier known for sub-systems, but targeting systems, radar systems, guided ed range firing tests of its medium range
over the last 4-5 years, many indigenous munitions, integrated avionics systems, Hisar-O missile, and the test of the Tolun
Turkish platforms such as aircraft, helicop- communication systems, and electronic guided munition fired from Akinci UCAV.
ters, UAVs and ships have been acquired warfare (EW) systems. “We are now ready
and deployed with our payloads, not only to showcase our proven products in the air “With our vast range of products, we are
by the Turkish military but also by many domain to the international market,” says equipped to support all platforms, includ-
international customers. We can therefore Akyol. “We are looking to collaborate with ing aircraft, helicopters, tanks, unmanned
showcase our combat-proven products international partners from friendly coun- aerial vehicles (UAVs), submarines, ships
to international customers. That is a big tries. We offer products that are not only and even the space domain,” says Akyol.
advantage.” superior in quality compared to that of the “We have a very vibrant and hardworking
competition but also cost-effective.” workforce; the average age of our employ-
Aselsan’s defence revenue last year was ees is 34. In the next 30 years, we are going
nearly US$3 billion; the company registered Aselsan is now among the world’s 10 fastest to progress significantly.”

AZERBAIJAN INTERNATIONAL DEFENCE EXHIBITION 2024 SEPTEMBER-24-2024 9