Four Turkish firms named among top 100 defense companies
ANKARA – Anadolu Agency
Milgem is STM's flagship project
Four Turkish companies have been named in the most prestigious defense industry list, Defense News Top 100.
While Aselsan, Tusas and Roketsan hold their places on the list, STM joined the list on Monday for the first time.
In the U.S.-based magazine Defense News' annual list on company sales, Aselsan was ranked 55th, Tusas 64th, Roketsan 96th and STM 97th.
Turkey's leading defense company Aselsan's 2017 income was $1.4 billion, up from $1.2 billion in the previous year. It is active in military and civil telecommunications, radar, electronic warfare, defense, weapons, command control and navigation systems.
Tusas earned $1.1 billion in 2017 by manufacturing unmanned air vehicles (Anka), helicopters (Atak) and planes (Hurkus).
Missile producer Roketsan and another defense industry company STM's incomes were $376 million and $369 million in 2017.
The U.S.-based Lockheed Martin was ranked first in the list with nearly $48 billion; it was followed by the U.S.-based Raytheon Company ($23.6 billion) and the U.K.-based BAE Systems ($21.7 billion).
