ASELSAN Ranks Among Top 50 Defense Companies Worldwide

20.08.2020 North America
ASELSAN Ranks Among Top 50 Defense Companies Worldwide

ASELSAN Ranks Among Top 50 Defense Companies Worldwide

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ASELSAN, the leading international defense and technology company, continues its rising pace in the “Defense News Top 100” List.

With sustainable corporate growth and global expansion, ASELSAN reached to a yearly turnover of 2,3Billion USD and moved up to the 48th rank in the top 100 Defense Contractor Companies in 2020.

On the other hand, with its newly developed efficient and effective solutions, ASELSAN has achieved the highest rate of exports in the year 2019 in its history.

In order to comply with ASELSAN’s “Technology serving people and planet” business philosophy and to expand its footprint in the international arena, ASELSAN continues to establish Joint Ventures, local production facilities and branch offices abroad, the company reported.

The number of Turkish companies in “Defense News Top 100”, which is regarded as one of the most prestigious defense industry lists in the world, has increased to seven. These include ASELSAN, Turkish Aerospace (TA), BMC, Roketsan, Defense Technologies Engineering and Trade Inc. (STM), FNSS and Havelsan who ranked 48th, 53th, 89th, 91th, 92th, 98th and 99th respectively.

While FNSS and Havelsan have entered the list for the first time, ASELSAN has joined the top 50 for the first time by moving up four spots.

FNSS, which designs and manufactures tailor-made, efficient, reliable and innovative tracked and wheeled armored vehicles, is among the world leaders in its field. The company has delivered over 4,000 armored combat vehicles so far.

HAVELSAN, which develops software-based solutions, increased its turnover of $278 million by 6% to $295 million last year.

The top five companies in the list, all of which are U.S.-based, include: Lockheed Martin, Boeing, General Dynamics, Northrop Grumman and Raytheon Company with defense turnovers of $50.5 billion, $34.3 billion, $29.5 billion, $28.6 billion and $27.4 billion respectively.




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