Aselsan Signs $114.7 Million Export Contract

Defense industry company Aselsan has signed a new export contract worth $114.7 million with an international customer. The contract covers the supply of radar, electronic warfare, and communication systems. In a statement to the Public Disclosure Platform (KAP), the company said deliveries will begin in 2025 and be completed by 2027. According to the financial details of the agreement, most payments will be made in advance and upon delivery. This new contract is seen as part of Aselsan's growth strategy in the international market. The company, which signed similar-sized export deals last year, aims to increase its competitiveness in defense technologies. Analysts expect the contract to positively contribute to Aselsan's 2025 revenues and support the company's profit margins. However, global supply chain risks and exchange rate fluctuations are among the factors to be closely monitored for the timely completion of the project. This is not investment advice.