Aselsan, Türkiye's largest defense electronics company, announced Friday it had signed a contract worth approximately 1.47 billion euros ($1.68 billion) to expand the serial production of air defense systems.
The agreement was signed with the Presidency of Defense Industries (SSB) as an addition to ongoing serial production projects, Aselsan said in a disclosure to the Public Disclosure Platform.
The company said the deal is expected to boost revenue but did not disclose a delivery timetable or specify which systems the contract covers.
The company is one of the main suppliers of Türkiye's integrated, multilayered Steel Dome air defense architecture. It develops technologies in areas including air and missile defense, radar, electronic warfare, military communications, electro-optics and command-and-control systems.
Aselsan CEO Ahmet Akyol said the agreement would further strengthen the serial production capacity of Türkiye's air defense systems and support the Steel Dome.
