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.
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).