Turkey's largest defence company Aselsan informed in a filing with the Bourse Istanbul that it received a USD 26.1mn worth of order for electronic war systems from an undisclosed foreign customer. Aselsan plans to complete the deliveries within this year, the statement detailed.
Last week, Turkey's national flag carrier Turkish Airlines (THY) said in a press release that its subsidiary THY Teknik, dealing with maintenance and repair works, and Aselsan signed a memorandum of understanding in order to cooperate for the integration of electronic war, electronic intelligence and radar systems into aircrafts. The companies also plan to expand their cooperation to future aerospace projects.
Last week again, Aselsan said that it signed TRY 57.9mn and TRY 31mn worth of two contracts (TRY 88.9mn -EUR 29.6mn- in total) with the Turkish ministry of defence to provide precision guidance kits for the Turkish Air Force.
Last month, Aselsan signed a TRY 33mn worth of contract with Tubitak-Sage (Defence Industry Research & Development Institute) to develop and supply radar systems. The orders would be delivered between 2014 and 2017, Aselsan detailed in a filing with Bourse Istanbul.
Aselsan plans to offer a 15% stake through an SPO, general manager of the company, Cengiz Ergeneman, said earlier last month. The offered amount may be increased or reduced by 5% depending on demand conditions and the advisors' suggestions, according to Ergeneman. The company plans to hold an SPO between March and May 2014. Aselsan targets to increase its turnover by 15% y/y to USD 1.15bn this year.