Turkish Defence Industry Exports on the Rise

The Defence and Aerospace Industry Manufacturers Association (SaSaD) released the sector’s second quarter dynamics for 201

Date: Issue 63 - September 2015

According to SaSaD’s report on sector performance issued in the second quarter of the year, Turkey’s aerospace and defence industry turnover reached $5.068 billion by the end of 2014 and a total increase of $25 million was recorded in turnover, compared to the figures of 2013. Where there has been no significant change in the turnover in comparison with the previous year’s turnover, this partial increase in the figures of 2014 is said to be due to the delays in the deliveries resulting from extended test procedures. According to the sector performance report, the total $5,1 billion for 2014 is composed of the following sectors; Land Vehicles $520,Vessels $298 million, Informatics Technologies $207 million, Aerospace $1,139 billion, Electrics & Electronics $1,384 billion and other Manufacturers $1,507 billion. 

Defence Industry Exports Reached $1,844 billion