Aselsan's International Orders Double

Turkey's state-owned defense company Aselsan Elektronik Sanayi ve Ticaret A.Ş., valued at $37 billion, announced that its international orders have doubled over the past year. The company attributes this increase to demand driven by conflicts in Ukraine and the Middle East. Aselsan operates in the defense electronics sector and is known as one of Turkey's largest defense firms. This growth in international orders aligns with the global rise in defense spending. Company officials note particularly strong demand for radar, electronic warfare, and communication systems. Aselsan's current order book indicates strong performance in the coming period. This development is seen as a positive signal for Turkey's defense industry export targets. Aselsan's success in the international market strengthens its position in the global defense supply chain. This is not investment advice.

📊 ASELS — Piyasa Yorumu

▲ up · 60%

The news highlights a significant increase in Aselsan's international orders, pointing to the company's growth potential. However, technical indicators present a weak short-term picture: RSI is near the oversold region at 35, MACD is below the signal line, and the price is trading below the 20-day moving average. Yet, closing above the 50-day moving average of 385.15 TRY suggests this level could act as support. The positive news may partially offset the weakness in technical indicators, potentially leading to a short-term recovery. Still, the market's reaction to the news could be limited, so a cautiously optimistic approach is warranted.

RSI 14

35.4

MACD

-1.03

24h Δ

-0.85%

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