Aselsan’s Historical Order Record

Date: Issue 94 - September 2019

According to the written statement made by Aselsan on August 21, 2019, it was released to the public that the company’s backorder amount exceeded US$ 10.2 billion and reached its historical peak level. Having closed the year 2018 with a backorder of US$ 9.1 billion, Aselsan signed new contracts worth US$ 1.8 billion in addition to its deliveries in the first half of 2019.

Among these contracts, the Altay National Tank Mass Production Project of EUR 841 million, Pakistan Atak Attack Helicopter Project of US$ 241 million and the Modular Temporary Base Area Project of US$ 113 million have become prominent.

Having restructured its International Marketing Department at the beginning of 2019, Aselsan has been increasing its effectiveness in Asian and African countries, and especially in Turkic Republics. Within this context, with the last export to Gambia, it has increased the number of countries it has exported to 64 since its establishment. Aselsan increased its sales by 41 percent as of the end of June 2019 and reached TL 9 billion compared to the same period of the previous year, and its net profit growth was recorded as 42 percent exceeding the increase rate of sales in the same period.

The positive momentum in Aselsan’s financial statements also reflected to the collected revenues of July. The collected revenues exceeded TL 690 million (US$ 122 million) which is quite above the average of the first six months of 2019.

Having been ranked 52nd in the Defence News Top 100 list of the worlds’ largest defence industry companies, Aselsan aims to close 2019 with a 40-50% growth rate on a TL basis.