Aselsan orders reach historical peak

21 August 2019

Aselsan ended the first half of 2019 with a record order book of USD10.2 billion, the Turkish military electronics company announced on 21 August.

It also signed new contracts worth USD1.8 billion in the six months ended 30 June. Sales rose by 41% year over year in this period to TRY9 billion (USD1.6 billion), while net profits increased by 42%.

Contracts included a share of the EUR841 million (USD932 million) Altay main battle tank serial production programme, a USD241 million sale of T129 ATAK helicopters to Pakistan, and USD113 million to build modular temporary bases for Turkish anti-terrorism forces.

Aselsan has increased its activities in the central Asian, Asia-Pacific, and African markets.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at

(136 of 166 words)