Türkiye's largest company by market capitalization, defense and electronics giant Aselsan, posted a 25% real-term increase in revenue in the first half of the year, it said on Tuesday.
Revenues increased to TL 88.5 billion ($1.8 billion), driven by new contracts and investments in production capacity and research, it said.
The company signed new contracts worth $4.9 billion in the first half, up 72% from the same period last year.
Its total order backlog also increased 45% to $23.2 billion, reflecting strong domestic and international demand for its defense products.
Aselsan increased its capacity and scale investments by a whopping 195% to $323 million, while its research and development (R&D) spending, focusing on critical technologies like quantum computing and underwater systems, jumped 41% to $804 million.
