Exceptional first half results from ASELSAN
ASELSAN has announced its financial results for the first half of 2024. Accordingly, revenues reached 35.7 billion TL (over 1 billion USD) with an 8% growth rate, while net profit grew by 133% reaching 3.6 billion TL. The new contracts worth 2.6 billion USD brought total backlog of the company to 12.3 billion USD.
ASELSAN, Türkiye’s leading defense company, maintained its solid growth and recorded an extraordinary financial performance for the first half of 2024. The company reported 35.7 billion TL (over 1 billion USD) revenue with an 8 growth, 8.7 billion TL EBITDA with a 9 growth, and 3.6 billion TL profit with a 133 growth, after inflation accounting applied. The new contracts signed reached 2.6 billion USD (365 million USD of that is international) bringing the company’s total backlog to 12.3 billion USD.
ASELSAN President CEO Ahmet Akyol commented on the company’s half year results: “We are glad to see that our successful operations and game changing technologies reflect to our first half financial results, proving that we are on track with our 2030 goals. We achieved to be among the world’s 10 fastest growing defen se companies bringing us to the 42nd position in the “TOP 100 Defence Companies List” of Defense News. First half of 2024 was remarkable especially in terms of export performance, as we signed the export deals for the first time for eight of our products, including KORKUT, CENK, FERSAH, ASELFLIR 500, and GÖZDE. We also achieved to export to three new countries that we have not exported before.
We delivered our ALP 300-G Portable Early Warning Radar System and our AESA Aircraft Nose Radar to our security forces, thus meeting all the needs of our country in the field of radar. We continued the development of GÖKSUR Close in Air Defense System, and we launched the 8×8 vehicle integrated version of the KORKUT Air Defense Weapon System in Europe. We equipped TÜRKSAT 6A, with ASELSAN’s advanced communication payloads. We equipped our national submarine TCG PİRİREİS with our state-of-the-art communication systems. We successfully completed the extended range firing tests of our medium-range Hisar-O missile, hitting the target with extreme precision and the test of TOLUN guided munition fired from AKINCI UCAV.
As we approach our 50th anniversary, we have set a vision for the future, with a primary focus on 2030 and beyond, called AselsaneXt 2030. Ultimate goal of this vision is to take our place among Top 30 defense companies worldwide by 2030.”