Türkiye eyes its protection exports to quickly exceed $10 billion, the nation’s vp stated on Tuesday.
Speaking on the opening ceremony of the sixteenth International Defense Industry Fair (IDEF) in Istanbul, Cevdet Yılmaz stated Turkish protection exports totaled $2.4 billion within the first half of 2023, and are anticipated to achieve $6 billion by the tip of the yr.
The IDEF, one of many largest world protection occasions, which can proceed till Friday, is exhibiting a spread of protection merchandise together with land automobiles, weapons, simulators, radars, sonars, naval platform options, aviation programs, missiles, logistic automobiles, provide gear, and safety programs.
Yılmaz stated Türkiye is positioned in a geography the place conflicts are intense, including that “past experiences show Türkiye’s independence depends on the design and production of defense products.”
The Turkish protection trade is a big ecosystem that develops its personal merchandise with its worldwide contractors, SMEs, analysis establishments, expertise and trade clusters, he added.
The vp stated Türkiye had a protection trade finances of roughly $5.5 billion in 2002, which has now reached $90 billion.
Pointing out that the sector has 3,000 corporations and greater than 80,000 staffers, Yılmaz stated: “The number of our national defense projects has increased to around 850.”
He stated Türkiye is among the many high three nations in drone expertise, and among the many high 10 which produce warships.
“We are ready to offer the knowledge, experience and technology we have gained in the defense industry to the benefit of our friends,” Yılmaz stated. “We are not a country that shows jealousy and stinginess like others.”
Source: www.anews.com.tr
