A Bayraktar TB2 drone is equipped with ASELSAN's electro-optic reconnaissance, surveillance and targeting system CATS, Tekirdağ, northwestern Turkey, Nov. 6, 2020. (AA Photo)
A Bayraktar TB2 drone is equipped with ASELSAN's electro-optic reconnaissance, surveillance and targeting system CATS, Tekirdağ, northwestern Turkey, Nov. 6, 2020. (AA Photo)

Turkey’s Aselsan signs $38.8M export deals

Turkish defense systems manufacturer Aselsan Elektronik said on Thursday it has signed three export deals worth a total of $38.8 million (32.8 million euro) with an undisclosed international client for the supply of electro-optics and communication systems.

Under the terms of the export contracts, deliveries will be made between 2021 and 2022, Aselsan said in a filing with Borsa Istanbul’s public disclosure platform (KAP).

Aselsan, a subsidiary of the Turkish Armed Forces Foundation, develops and manufactures software, equipment, systems and platforms for the army, navy, air force and aerospace industries.

Aselsan is boosting production and exports even during the pandemic period, the company has increased the number of countries that use its products and technology to 70 in total with six new countries added in 2020, according to previous statements by the defense giant. It has provided a record-level forex revenue of $327 million while an additional $90 million in collections is expected for the year-end.

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