Aselsan, Roketsan sign contracts for missile subsystems and seeker head production

Aselsan announced on the Public Disclosure Platform (KAP) that it has signed contracts and amendments with Roketsan to produce missile subsystems and seeker heads. The total value of these agreements is $20.15 million, 45.7 million euros ($49.38 million), and ₺476.32 million ($14.74 million).

The deliveries under these contracts will take place between 2024 and 2028.

Aselsan

Established in 1975 to meet the communication needs of the Turkish Armed Forces with national resources, Aselsan is a joint-stock company affiliated with the Turkish Armed Forces Foundation (TAFF). TAFF owns 74.2% of Aselsan’s shares, while the remaining 25.8% are traded on Borsa Istanbul (BIST).

As Türkiye’s largest defense electronics company, Aselsan offers a wide range of products to meet the needs of domestic and international clients, including the Turkish Armed Forces. These products span communication and information technologies, radar and electronic warfare, electro-optics, avionics, unmanned systems, land, sea and weapon systems, air defense and missile systems, command and control systems, transportation, security, traffic, automation, and health technologies. Aselsan exports its unique products and is listed among the world’s top 100 defense companies (Defense News Top 100). The company also establishes partnerships and invests in international markets through collaboration models with local entities.

Aselsan’s vision emphasizes technology, aiming to be “a national technology firm that maintains sustainable growth with the value it creates in the global market, is preferred for its competitive strength, trusted as a strategic partner, and is sensitive to the environment and humanity.”

With over 10,000 employees and a highly skilled engineering workforce, Aselsan allocates an average of 7% of its annual revenue to research and development funded by its resources.

Roketsan

Roketsan is a defense industry company established in 1988 by the decision of the Defense Industry Executive Committee to lead national rocket and missile research and production programs. Over the years since its establishment, the company has become the most competent institution in Türkiye for designing, producing, training user personnel, and meeting the logistical support needs of missile/rocket systems, including launch platforms and command units, in line with requirements.

In Defense News’ rankings of the most valuable defense industry companies, Roketsan ranked 96 in 2018, 89 in 2019, 91 in 2020 and 86 in 2022.