ASELSAN and Turkish Aerospace Industries (TAI) — soared 24 percent in 2017 year-on-year, the Stockholm International Peace Research Institute (SIPRI) said in a report published.
SIPRI listed both ASELSAN and TAI in its “Top 100 arms‑producing and military services companies” rating for 2017. The annual report includes both domestic and foreign sales.
ASELSAN was ranked 61st, up seven places from 68th in 2016, while TAI also climbed seven spots to 70th. The report said ASELSAN and TAI’s sales in 2017 amounted to $1.42 billion and $1.22 billion, respectively. SIPRI also listed Turkey in the “emerging producers” category, along with Brazil and India.
“Russian companies have experienced significant growth in their arms sales since 2011,” Sipri senior researcher Siemon Wezeman said in a statement.
“This is in line with Russia’s increased spending on arms procurement to modernise its armed forces.”
Russia had 10 companies in Sipri’s list of the world’s “Top 100” arms-producing and military services companies in 2017, accounting for 9.5 percent of sales. The 10 companies’ sales totalled $37.7 billion ($33 billion euros), Sipri said.
That put Russia in second place, a position that had been held by Britain since 2002.
The United States topped the list with 42 companies and sales up by two percent to $226.6 billion — accounting for 57 percent of the Top 100’s arms sales.
“US companies directly benefit from the US Department of Defence’s ongoing demand for weapons,” said Aude Fleurant, the director of Sipri’s Arms and Military Expenditure Programme.
US company Lockheed Martin remained the world’s largest arms producer in 2017, with sales of $44.9 billion, the think tank said.
For the first time, a Russian company appeared in the list of the top 10 arms producers: Almaz-Antey, which increased its sales by 17 percent in 2017 to $8.6 billion.
Meanwhile, Britain, the largest arms producer in Western Europe, fell to third position, with sales of $35.7 billion. BAE Systems is ranked the fourth-biggest company in Sipri’s Top 100 list.
The figures exclude China, for which figures are not available, Sipri noted.