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Turkish defence giant ASELSAN celebrates anniversary of trend-setting innovations

16 November 2022 02:00

ASELSAN, one of the largest Turkish defence corporations focusing mainly on research, development and manufacture of advanced military products for air, land and maritime forces, turns 47 years old this week.

ASELSAN was established on November 14 in 1975 in order to meet the communication needs of the Turkish Armed Forces with national means, Defense Here reports. Today the company is one of the major contractors of the Turkish Armed Forces and is among the top 100 defence industry companies in the world.

ASELSAN entered the list of the World's Top 100 Defense Industry Companies (Defense News Top 100) for the first time in 2008, ranking 97th.

ASELSAN, the leading company in the Turkish national defence industry based on R&D and innovation, has managed to be among the top 50 for the last 3 years.

ASELSAN's financial results for the third quarter of 2022 have been announced. ASELSAN's 9-month turnover increased by 72% compared to the same period of the previous year and reached 17.7 billion TL ($951 million).

ASELSAN's net profit increased by 83% compared to the same period of the previous year and reached 5.7 billion TL ($306 million). The company's equity-to-assets ratio was 53%.

Caliber.Az
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