Business · Companies · 13 hrs ago
Aselsan signs $1.1 billion contract to supply air defense systems
Turkish defense company Aselsan signed a $1.1 billion contract to supply air defense systems to a customer outside Türkiye.
The company said the deal is expected to boost its revenue.
Aselsan has not named the buyer, specified which systems it will supply or given a delivery schedule.
It makes equipment including radars, missile launchers and fire control systems for Türkiye's layered air defense network.
Its systems cover different needs, from short-range protection to the long-range Siper system, which is designed to counter aircraft, cruise missiles and drones.
Aselsan recently became the first Turkish defense firm ranked in the top 40 of the Defense News Top 100, which ranks companies by the previous year's revenue.
The contract details and timing of deliveries remain undisclosed.
Aselsan announced a $1.1 billion contract to supply air defense systems to an overseas customer.
The company said the agreement was expected to boost its revenue.
Aselsan did not name the buyer or specify the systems or delivery schedule.
The announcement was made in a filing with Türkiye’s Public Disclosure Platform.
- Who
- Aselsan signed the contract with an overseas customer whose identity was not disclosed.
- What
- A $1.1 billion contract to supply air defense systems.
- When
- Tuesday, November 3, 2026.
- Where
- The buyer is overseas; its location was not stated.
- Why
- Aselsan said it expected the agreement to boost its revenue.
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- Contract value
- $1.1 billion
- Supplier
- Aselsan
- Customer
- Overseas buyer, not identified
- Product
- Air defense systems
- Announcement date
- November 3, 2026