Three Turkish defense firms made this year’s list of the world’s top 100 defense firms, with two climbing up the ranking, and a third making its debut. The Defense News Top 100 is seen as the world’s most prestigious defense industry list. T
Turkey’s defense industry has gained momentum in recent years with the expansion of local producers and domestic firms introducing new products to the market, contributing to Ankara’s goal of relying more on domestic sources than imported products in military equipment.
Aselsan rose one spot to number 57 on list, and Turkish Aerospace Industries is close behind, at number 61, leapfrogging 11 places from number 72 last year.Aselsan touted the move upwards, saying that last year the company’s financial turnover topped $1 billion. New countries are being added to Aselsan’s export portfolio every year, as the Turkish firm exports to at least 60 countries on five continents. In addition, Aselsan has joint ventures in Azerbaijan, the United Arab Emirates, Kazakhstan, Jordan, Saudi Arabia, and Malaysia.
Missile-maker Roketsan also made the cut, entering the list this year at number 98. New list entry Roketsan had a financial turnover last year of $364 million.
At number 61 on the list, TAI, also known as TUSAŞ, has distinguished itself with local products such as ANKA unmanned aerial vehicles, ATAK helicopters for the Turkish army, and HÜRKUŞ training planes. The company, which aims to increase its revenue to $10 billion by 2026, offers its services in the areas of aircraft and space system as well as logistic solutions.
Topping this year’s Defense News Top 100 was U.S. aviation giant Lockheed Martin with a $43.4 billion turnover, followed by the U.S. Boeing with $29.5 billion, and British defense giant BAE Systems with $23.6 billion