Turkiye ASELSAN Reports Exceptional Growth in First Half of 2024
ASELSAN, Türkiye’s leading defense company, has announced extraordinary financial results for the first half of 2024, showcasing robust growth and cementing its position in the global defense market.
Key Financial Highlights
- Revenue: 35.7 billion TL (over $1 billion), an 8% increase
- Net Profit: 3.6 billion TL, a remarkable 133% growth
- New Contracts: $2.6 billion, boosting total backlog to $12.3 billion
- EBITDA: 8.7 billion TL, a 9% increase
Expanding Global Footprint
ASELSAN’s export performance in the first half of 2024 was particularly noteworthy. The company signed export deals for eight of its products in new markets, demonstrating its growing international presence. Of the $2.6 billion in new contracts, $365 million came from international orders.
Technological Advancements and Achievements
ASELSAN continues to push the boundaries of defense technology:
- Equipped submarine TCG PİRİREIS with state-of-the-art communication systems
- Successfully completed extended range firing tests for the Hisar-O missile
- Tested TOL UN guided munition fired from AKINCI UCAV
- Delivered ALP 300-G SA Aircraft Nose Radar to security forces
- Launched the 8×8 vehicle integrated version of the KORKUT Air Defense Weapon System in Europe
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Future Outlook: ASELSANEXT 2030
As ASELSAN approaches its 50th anniversary, the company has unveiled its vision for the future: ASELSANEXT 2030. This ambitious plan aims to position ASELSAN among the top 30 defense companies worldwide by 2030.
“We are glad to see that our successful operations and game-changing technologies reflect in our first half financial results, proving that we are on track with our 2030 goals.”
ASELSAN President & CEO Ahmet Akyol expressed confidence in the company’s trajectory, stating,
With its exceptional performance and forward-looking strategy, ASELSAN is poised to continue its ascent in the global defense industry, driving innovation and growth in the years to come.
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