Turkish defence firms listed among world's top 100

Four Turkish defence magnates made it to the top 100 defence firms list published by the US-based Defense News Magazine on August 7.

Türkiye's Aselsan was at 47th place in the annual ranking, up from 49th last year, said the outlet that describes itself as "the authoritative, independent, professional news source for the world’s defence decision-makers,” Daily Sabah reports.

Turkish Aerospace Industry (TAI) was at 58, up from 67, while missile producer Roketsan climbed to 80th place from 86th.

The Military Factory and Shipyard Management Inc. (Asfat) also entered the list for the first time and took the 100th spot.

Aselsan's defence revenues totalled $2 billion in 2022, while TAI's revenues amounted to $1.48 billion, Roketsan's $873.3 million, and Asfat's $443.5 million.

Lockheed Martin was in first place again with defence revenues of $63.3 billion on the list, followed by RTX with $39.6 billion, and Northrop Grumman with $32.4 billion.

While the top three firms were from the US, six out of the top 10 were US-based, three from China, and one from the U.K.