Business · Companies · 13 hrs ago
ASELSAN and Turkey’s defence agency sign €523 million missile system deal
Turkey’s ASELSAN and its Defence Industry Agency signed a €523 million contract to develop a new defence system.
The agreement covers a next-generation air and missile defence system.
ASELSAN is a Turkish defence company, and the agency is the government body named in the announcement.
The contract amount was disclosed, but no other details of the system were announced.
The announcement does not specify the system’s capabilities, schedule or deployment plans.
The deal matters because it commits €523 million to developing air and missile defences.
The next step is system development, though no timeline was given.
ASELSAN and Turkey’s Presidency of Defence Industries signed a €523 million contract.
The contract is for developing a next-generation air and missile defence system.
ASELSAN announced the agreement through Turkey’s Public Disclosure Platform.
The sources do not give further details about the system or contract.
- Who
- ASELSAN and Turkey’s Presidency of Defence Industries (SSB).
- What
- They signed a €523 million contract to develop a next-generation air and missile defence system.
- When
- October 26, 2026.
- Where
- Not stated.
- Why
- To develop a next-generation air and missile defence system.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Contract value
- €523 million
- Parties
- ASELSAN and Turkey’s Presidency of Defence Industries (SSB)
- Purpose
- Development of a next-generation air and missile defence system
- Announcement date
- October 26, 2026
2 sources
What people are saying
A contract with a total value of 523 million euros has been signed between ASELSAN and SSB for the development of a next-generation air and missile defence system.