Aselsan CEO: Global Defense Orders Rising

Turkey's state-owned defense contractor Aselsan Elektronik Sanayi ve Ticaret A.Ş., valued at $37 billion, reported that its international orders have doubled over the past year. CEO Ahmet Akyol attributed this increase to demand triggered by conflicts in Ukraine and the Middle East. Akyol spoke in Ankara during the NATO Summit in an interview with Bloomberg. Akyol emphasized that the rise in global defense spending has significantly contributed to Aselsan's growth. The company is facing increased orders, particularly in areas such as electronic warfare systems, radar, and communication technologies. The CEO stated that they expect this trend to continue. This increase in Aselsan's international orders strengthens the company's position in the global defense market. Akyol noted that new orders allow the company to expand its production capacity and R&D investments. He also highlighted deepening cooperation with NATO countries and other allies. This is not investment advice.

📊 ASELS — Piyasa Yorumu

■ neutral · 60%

Although the news is positive, ASELS stock presents a technically weak outlook. The RSI at 35.8 is near oversold territory, indicating that selling pressure may continue but also suggests potential for a rebound. The MACD is below the signal line and in negative territory, pointing to weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, confirming a downtrend. While the news is positive for the medium to long term, the weight of technical indicators in the short term leads to a neutral stance.

RSI 14

35.8

MACD

-1.01

24h Δ

-0.78%

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