Turkey, Economy

Aselsan agrees $413 million defense deal

Turkish company Aselsan signs agreement with Undersecretariat for Defense Industries

29.12.2017
Aselsan agrees $413 million defense deal

By Gokhan Ergocun

ANKARA

Turkish defense contractor Aselsan announced a $413.27 million deal with the Undersecretariat for Defense Industries on Friday.

The agreement is for a short-range, low-altitude aerial defense system.

"Within the context of the agreement, the deliveries will be completed between the years 2019-2022," Aselsan said in a statement.

The company, established in 1975, mainly focuses on supplying the Turkish Armed Forces but has grown to provide systems to foreign clients.

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