Turkish arms industry grows by 24 percent - research institute
The Turkish arms industry has developed at a startling rate, growing 24 percent in the year 2017, a report published this week by the Stockholm International Peace Research Institute has shown.
With two companies in SIPRI’s top 100 defence firms, Turkey is one of three “emerging producers” to make the list, alongside Brazil and India.
ASELSAN, which produces electronics, and Turkish Aerospace Industries, a producer of aircraft, were the Turkish firms to make the list, with ASELSAN rising to the 61st position in 2017 from 68 the previous year, and TAI rising from 77 to 70.
“This significant increase reflects Turkey’s ambitions to develop its arms industry to fulfil its growing demand for weapons and become less dependent on foreign suppliers,” said Pieter Wezeman, Senior Researcher with SIPRI’s Arms and Military Expenditure Programme.
With a command of 57 percent of the market, the United States remained by SIPRI’s count as by far the largest producer in 2017, with Russia in second position accounting for 9.5 percent of sales and the United Kingdom in third with 9 percent.
Despite remarkable growth throughout the year, Turkey’s arms sector still accounts for less than 1 percent of international sales.
U.S. firms Lockheed Martin, Boeing and Raytheon took the first three positions on the top 100 list, with British firm BAE Systems coming fourth.