Aselsan achieves $1.3B milestone in export contracts during first half of year
Ankara — Turkish defence firm Aselsan reported signing $1.3 billion in export contracts in the first half of 2025, marking a record milestone as it pursued an export-driven growth strategy.
The company’s revenues rose 11.3% year-on-year to $1.32 billion, boosted by deliveries in air defence, electro-optics, radar, avionics, electronic warfare, security and weapons systems.
New contracts climbed to $2.8 billion, up 10% from a year earlier, while backlog orders surged 30% to $16 billion.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at $319.7 million, with a margin of 25%, and the Book-to-Bill ratio hit 2, outperforming industry averages.
R&D spending jumped 42% to $572 million, while infrastructure investment doubled to $104 million.
CEO Ahmet Akyol credited the company’s Aselsan NEXT program for maintaining momentum, citing high-tech innovation, efficiency gains, and localisation as the main drivers. He noted that Aselsan’s market capitalisation had surpassed $21 billion, reflecting investor confidence.
Akyol said the firm would continue strengthening its production capacity in air defence, radar, smart ammunition, guidance systems and electro-optics, while targeting new export markets in the second half of the year.
