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[BUSINESS] · Türkiye · 15 sources

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Turkey defense industry signs $15 billion in new contracts

Turkey's defense and aerospace industry has seen significant growth, with new contracts valued at $15 billion signed during the first nine and a half months of 2026. Industry leaders aim to reach $20 billion in total contracts by the end of the year.

In 2025, defense and aerospace exports reached $10.05 billion, representing a 48% increase from the previous year. For the first nine months of 2026, exports amounted to $6.93 billion, a 15.6% increase on an annual basis. Rolling twelve-month exports reached $10.94 billion as of September 2026.

Beyond defense, Turkey's technology development zones (technoparks) have expanded to 115 regions, with 97 currently active. These zones reported total sales of 1.85 trillion lira and exports of $20.86 billion.

Regarding the national budget, the 2027 proposal allocates 3.454 trillion lira for defense and security units, accounting for 12.7% of the central government budget. This includes a proposed 229% increase in allocations for the procurement of weapons, ammunition, and defense systems under the Ministry of National Defense.

Entities

ASELSAN · Ankara · Cevdet Yılmaz · Haluk Görgün · Istanbul · Ministry of Industry and Technology · Ministry of National Defense · Turkey · TÜBİTAK

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