Turkey’s leading defense firm Aselsan recorded a 34% year-on-year profit increase in the first quarter of 2021, earning 1.2 billion Turkish lira ($147 million). The company also reported a 22% growth in turnover, reaching 3.2 billion lira, while gross profit rose by 24% during the same period.
CEO Haluk Görgün attributed this robust performance to steady growth and high profitability despite global economic challenges brought on by the COVID-19 pandemic. He emphasized the importance of self-sufficiency in defense, highlighting the successful introduction of the CATS Electro-Optical Reconnaissance, Surveillance, and Targeting System as a milestone in Turkey’s defense independence.
Aselsan also made strides in the medical technology sector, exporting Automatic External Defibrillators to France and Italy. Görgün noted the company’s plans to expand its presence in financial technologies, aiming to leverage its strong financial structure and experience to become a key technology provider in the sector.
This performance underscores Aselsan’s continued leadership and innovation across multiple industries, solidifying its position as a cornerstone of Turkey’s defense and technology sectors.
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