Baykar Signs Historic Contract with Indonesia for KIZILELMA Export

A significant step has been taken in the defense industry. A contract was signed between Baykar and the Indonesian Ministry of Defense for the export of the Bayraktar KIZILELMA Unmanned Combat Aerial Vehicle. The agreement marks a first for the Turkish defense industry. Haluk Görgün, Head of the Presidency of Defense Industries, emphasized the historic importance of the deal, stating that KIZILELMA will be exported for the first time. Görgün announced that a fleet of 12 aircraft is targeted for delivery starting in 2028. This development stands out as part of the defense cooperation between Turkey and Indonesia. Last July, at the IDEF 2025 fair, another contract was signed between Turkish Aerospace Industries and Indonesia for the sale of 48 KAAN 5th-generation fighter jets. This is not investment advice.

📊 SSB — Piyasa Yorumu

▲ up · 65%

Baykar's signing of a historic contract for the export of KIZILELMA to Indonesia could serve as a significant catalyst for SSB. This news confirms the company's international growth potential and strong position in the defense industry. In technical indicators, the RSI approaching the oversold region at 35.8 may signal a short-term recovery. However, the price remaining below the 20- and 50-day moving averages suggests that any upside could be limited. With the positive impact of the news, an upward movement can be expected in the short term.

RSI 14

35.8

MACD

-0.41

24h Δ

-1.17%

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