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Turkish defense sector reached $4.4 billion

Staff writer |
The Turkish defense industry reached $4.4 billion in 2011, while the total exports figure amounted to $1.1 billion, according to the Defense and Aerospace Industry Manufacturers Association (SaSad).

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In the defense-only marked, the sector without civilian aviation items, stands at $817 million. In 2012, defense industry exports, both civilian and military, rose to $1.262 billion, a huge jump from $600 million in 2007, and $850 million in 2010.

The industry aims to increase yearly revenue to $8 billion and exports to $2 billion by 2016. Turkey is currently 16th country in the world in terms of turnover and the industry hopes to place in the top 10 in the world by 2023. Turkey is also working towards the domestic production of fighter jets, with the first test flight expected to take place in 2023.

The Turkish defense industry also attracted other countries to explore their technologies. "You have a corvette which has very high standards, very good helicopters. I think the UAV is a possibility. We can learn from each other and improve each other," said Celso Amorim, Brazilian minister of defense.

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