ASELSAN Signs $845 Million Public Security and Satellite Contracts

Turkey's leading defense and space technologies company ASELSAN has signed new contracts worth a total of $845 million with the Presidency of Defense Industries. The agreements cover public security communication systems and satellite and space technologies. Under the contracts, the first deliveries of the systems to be developed by ASELSAN are planned for 2026. These projects are considered a significant step towards Turkey's goals of technological independence in defense and space. The company aims to provide critical infrastructure solutions for public security communications while strengthening the country's presence in space through satellite and space systems projects. The agreements are expected to make a substantial contribution to ASELSAN's portfolio and revenues. This is not investment advice.