In H1 2024, ASELSAN, a Turkish defense firm, recorded a 133% increase in net profit to 3.6 billion TL, with turnover up 8% to 35.

ASELSAN, a prominent Turkish defense firm, reported a 133% rise in net profit to 3.6 billion TL ($447 million) for the first half of 2024. Turnover increased by 8% to 35.7 billion TL ($4.5 billion), and new contracts surged 124% to $2.6 billion. This growth is attributed to a strong emphasis on research and development and expanding global exports. ASELSAN continues to innovate, delivering advanced technologies like the Portable Early Warning Radar System.

September 12, 2024
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