Agha Sher
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According to defencenews.com (http://people.defensenews.com/top-100/) 4 Turkish defence companies made it to the 2018 global top 100 list based on defence product revenue.
Aselsan, ranked 55 (up from 57), had a revenue of $1,424.93 million grew by 19% in sales compared to the previous year.
TAI, ranked 64 (down from 61), had a revenue of $1,089.63 million. A growth of 1% compared to the previous year.
Roketsan, ranked 96 (up from 98), had a revenue of $376 million. A growth of 3% compared to the previous year.
Finally, the newcomer to the list, STM, was ranked 97 with a revenue of $370 million. A growth of 8% compared to the previous year.
Interestingly, Turkey is the ONLY Muslim majority country with companies represented on the list. A reminder of the poor defence capabilities of Muslim majority countries...
How will the Turkish defence companies fare in next years ranking? will we observe further revenue growth and see an expanding defence industry or will the development stagnate?
Aselsan, ranked 55 (up from 57), had a revenue of $1,424.93 million grew by 19% in sales compared to the previous year.
TAI, ranked 64 (down from 61), had a revenue of $1,089.63 million. A growth of 1% compared to the previous year.
Roketsan, ranked 96 (up from 98), had a revenue of $376 million. A growth of 3% compared to the previous year.
Finally, the newcomer to the list, STM, was ranked 97 with a revenue of $370 million. A growth of 8% compared to the previous year.
Interestingly, Turkey is the ONLY Muslim majority country with companies represented on the list. A reminder of the poor defence capabilities of Muslim majority countries...
How will the Turkish defence companies fare in next years ranking? will we observe further revenue growth and see an expanding defence industry or will the development stagnate?