Aselsan signs $185 million deal with Turkish defense ministry
DHA photoTurkish defense company Aselsan has signed a $186 million deal with the Turkish Defense Ministry to supply warfare systems for the army.
“Aselsan inked an agreement worth $186 million with the National Defense Ministry to supply the Tactical Area Communications System (TASMUS) needs of the Turkish Armed Forces,” said the company in a written statement to the Public Disclosure Platform on July 28.
Shares in the company jumped more than 5 percent on July 28 after the statement was made.
TASMUS is a tactical area communications system which provides network centric communication infrastructure, according to the company website. The main goal of TASMUS is to provide a “common picture of the battlefield” close to real time, while sharing data among battlefield systems and facilitating information transmission between all commanders. The system also handles the exchange of targeting data from sensors to the weapon system.