New Priorities Shape the Defense Industry

Date: Issue 99 - June 2020

The Defense and Aviation Industry Performance Report prepared by the Defense and Aerospace Industry Manufacturers Association (SaSaD) was published on April 26 on SaSaD’s website.  According to the data, which is collected from sector players every year in April – May, foreign defense industry sales revenue in 2019 amounted to US$ 3.068 billion, while total domestic and foreign sales reached US$ 10.884 billion.  According to the data, imports amounted to US$ 3.088 and the R&D expenses realized reached US$ 1.672 billion. Total employment increased to 73.771.

The Defense Industry’s foreign sales revenue was announced as US$ 2 billion 740 million 988 thousand by the Turkish Exporters Assembly (TIM) in the last days of December 2019. When the latest up-to-date data is included from the members of SaSaD and also the data from foreign exchange generating services related to Defense and Aerospace (SSI) full year 2019, the foreign sales revenue of 2019 reached US$ 3.068 billion. In 2018, the foreign sales revenue was recorded as US$2.188 billion.