EN TR

Article

TURKISH ARMED FORCES FOUNDATION

In order to

Issue 8

Turkish Armed Forces Foundation which gets the material and spiritual support of our nation, continues its activities of which aims is to enable the Turkish Armed Forces to take place in
the strongest and the most modern armies of the world. Since its foundation Turkish Armed Forces Foundation has finance the supply of Turkish Armed Forces on the one hand and on the other hand exerts effort towards the enhancement of the
Defence Industry.Within this framework, the Turkish Armed Forces Foundation is the shareholder of 18 companies, 6 of which are
subsidiary companies, 8 of which are participating companies and 4 of which are indirect subsidiary companies displaying ctivity in various sectors,mainly the industry. The
Foundation had total capital of 88 thousand NTL and the total equity capitalof the subsidiaries of the Foundation reached to one billion NTL, and the total capital of the subsidiaries of the Foundation reached to 3 billion NTL by the end of 2006.the market price of the Foundation shares
in the subsidiary companies composed of ASELSAN, TUSAS/TAI, HAVELSAN,ROKETSAN, ISBIR ELEKTRIK and ASPILSAN has exceeded two billion US Dollar. The Foundation contributes to the Turkish economy with the investments the Foundation makes and the unique technology creation, production,
Turkish Armed Forces Foundation which gets the material and spiritual support of our nation, continues its activities of which aims is to enable the Turkish Armed Forces to take place in
the strongest and the most modern armies of the world. Since its foundation Turkish Armed
Forces Foundation has finance the supply of Turkish Armed Forces on the one hand and on the other hand exerts effort towards the enhancement of the Defence Industry. Within this framework, the Turkish Armed Forces Foundation is the shareholder of 18 companies, 6 of which are
subsidiary companies, 8 of which are participating companies and 4 of which are indirect subsidiary companies displaying activity in various sectors, mainly the industry. The Foundation had total capital of 88
thousand NTL and the total equity capital of the subsidiaries of the Foundation reached to one billion NTL, and the total capital of the subsidiaries of the Foundation reached to 3 billion NTL by the end of 2006.the market price of the Foundation shares in the subsidiary companies composed of ASELSAN, TUSAS/TAI, HAVELSAN, ROKETSAN, ISBIR ELEKTRIK and ASPILSAN has exceeded two billion US Dollar. The Foundation contributes to the Turkish economy with the investments the Foundation makes and the unique technology creation, production,
Login or Register PAID subscription for reading whole article.