Turkish Defense & Aerospace Industry Makes a Grand Entrance at WDS 2024 with 65 Companies!

The Turkish Defense and Aerospace Industry, which raised its export of defense and aerospace products from US$4.364 Billion in 2022 to a record-breaking US$5.5 Billion in 2023, made a significant presence at the World Defense Show (WDS) Fair, which, despite being held for the second time, has already established itself as one of the important defense fairs in the Gulf Region. Led by the Secretariat of Defence Industries (SSB), a total of 65 companies and institutions participated in the fair. Consequently, Türkiye became the second-largest foreign participant in the fair, with Turkish companies occupying 15% of the exhibition space.

Date: Issue 130 - May 2024 Update: June 21, 2024

The Gulf Region and the Middle East are crucial export markets for the Turkish Defense and Aerospace Industry. In 2023, Türkiye successfully exported 230 types of defense and aerospace products to 185 countries across different geographies. Türkiye has signed contracts for the sale of 770 Unmanned Aerial Vehicles to 50 countries, many of which are in the Middle East and North Africa (MENA) region, and for the export of 4,500 4x4, 6x6, and 8x8 Tactical Wheeled Vehicles to 40 countries.

Due to its NATO-standard high-tech product range, competitive pricing, and openness to technology transfer, Türkiye has garnered significant interest in Middle Eastern and African countries. In recent years, Turkish Defense and Aerospace Industry firms have signed three-digit contracts for the export of defense and aerospace products to countries in these two markets.