Turkish defense industry grows over 20 percent in 2016
ANKARA - Anadolu AgencyThe United States and Europe were Turkey’s top destinations for military exports last year with sales worth $585 million and $450 million, respectively, as the Turkish industry grew by over 20 percent last year, according to a defense industry report late on June 13.
The Defense and Aerospace Industry Manufacturers Association’s (SASAD) 2016 performance report said the Turkish defense industry was valued at $6 billion in 2016, a 22 percent increase since the previous year.
Turkey’s exports in the defense and aviation industries were nearly $1.7 billion last year, the report said.
It also said the country spent $1.25 billion in 2016 on product and technology development activities, marking a 40-percent growth compared with 2015.
In 2016, Turkey received $12 billion worth of new orders, an increase of 55 percent compared with the previous year’s $7.7 billion orders, it said.
Land platforms with $6 billion and air platforms with $3.4 billion held major shares in new orders, of which 90 percent were taken from domestic customers, it said.
The report also said the defense industry employed more than 35,000 employees, including over 10,000 engineers in the year.