Turkish defense company ASELSAN, which finished last year with sound financial results, managed to continue growing in the first months of 2020 despite negative global conditions over the spread of the pandemic, receiving more than $320 million in new orders.
Without elaborating specifics of the contract, Company Chairman Haluk Görgün said on Thursday in a press release issued on the Public Disclosure Platform (KAP) that the company “continued its growth trend in the first three months of 2020 without losing momentum. “
ASELSAN will keep supporting its production power and research and development activities with strong financial results in 2020, as it did in 2019, Görgün noted.
Görgün noted that more than 5,000 of ASELSAN’s suppliers are now domestic companies and “the share of those companies’ productions in ASELSAN products has reached very high levels.”
He went further, saying that limited material purchases from Far Eastern countries can also be replaced at home very quickly, minimizing any disruptions in the supply chain, adding that the ASELSAN works with reserve inventory in critical materials due to the strategic nature of its products.
ASELSAN, which is the largest defense contractor in Turkey, is among the top 100 defense companies in the world.
© 2020, GDC. © GDC and www.globaldefensecorp.com. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to www.globaldefensecorp.com with appropriate and specific direction to the original content.