Aselsan posts 25% revenue rise and $4.9 bn new contracts in H1 2026

Aselsan H1 2026 revenue $4.9 bn new contracts $23.2 bn order backlog R&D spending

Turkey’s defence electronics firm Aselsan announced that its first‑half 2026 revenue reached 88.5 billion Turkish lira, a 25 % increase in real terms. New contracts signed in the period totaled $4.9 billion, up 72 % year‑on‑year, while the order backlog grew to $23.2 billion, a 45 % rise.

EBITDA (FAVÖK) rose 31 % to 23.2 billion lira, with the margin improving to 26.3 % (up 120 basis points). R&D spending climbed 41 % to $804 million and capacity‑related investment surged 195 % to $323 million. The net‑debt‑to‑EBITDA ratio fell to 0.55 from 0.57, indicating stronger financial discipline.

Chief executive Ahmet Akyol said the intake of contracts is outpacing recognised revenue and the company expects the order backlog to reach $30 billion in the next year, driven by strong demand for air‑defence, radar, electronic‑warfare and AI‑enabled systems.

Entities: ASELSAN · Ahmet Akyol · Amin Nasser · Aselsan Elektronik Sanayi ve Ticaret A.Ş. · AselsanE‑Xt programme · Presidency of Defence Industries (SSB) · Saudi Arabian Oil Company · Turkish Armed Forces

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] CEO Ahmet Akyol said Aselsan expects its order backlog to reach $30 billion in the next year.
[● 11 SOURCES] The net‑debt‑to‑EBITDA ratio fell to 0.55 from 0.57 in H1 2026.
[● 11 SOURCES] Aselsan's order backlog at the end of H1 2026 was $23.2 billion, up 45 % from the previous year.
[● 11 SOURCES] Aselsan signed new contracts worth $4.9 billion in the first half of 2026, a 72 % year‑on‑year increase.
[● 10 SOURCES] Aselsan's capacity‑related investment in H1 2026 was $323 million, up 195 % from the prior year.
[● 11 SOURCES] Aselsan's revenue for the first half of 2026 was 88.5 billion Turkish lira, a 25 % increase in real terms. (9c0455ec-9665-483f-9e28-ffeb4c8c6dce,46e4e43c-eb32-4810-afc7-6d44238c8e00,785566b2-931e-4482-af00-3089a408bf7a,b67704a3-)
[● 10 SOURCES] Aselsan's R&D spending in H1 2026 rose 41 % to $804 million.
[● 11 SOURCES] Aselsan's EBITDA for H1 2026 was 23.2 billion Turkish lira, a 31 % increase, with a margin of 26.3 % (up 120 basis points).