Tanks, drones, jets: How Türkiye’s defence industry became a global force

  • 📰 trtworld
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

'Türkiye may soon be in the top 10 arms exporters and hit the $20-billion export revenue within ten years' Opinion | ibratas1

Türkiye’s defence industry has been growing at its fastest pace for almost two decades, and two recently released reports reveal what level the country’s arms industry has reached.

, prepared by the Sweden-based SIPRI institute, shows that Türkiye’s arms exports increased by 69 percent in the four-year period 2018-2022 compared to 2013-2017. On the flip side, Türkiye is now on the verge of producing fighter jets, tanks and howitzers, which can generate more revenue. As per producer companies’ statements, all weapons that are difficult to be produced will be in use by 2028.

On the other hand, armoured vehicle maker BMC will deliver two Altay tanks to the Turkish army in April and begin mass production in 2025. BMC solved the engine problem by procuring it from South Korea until it can use its 1500 HP power engine, Batu, in 2026. In addition, BMC says that many countries are looking forward to buying Türkiye’s indigenous tank Altay. Also, another sales boom is expected to be witnessed when TFX jets are flying in the sky. As a final example, Roketsan has achieved to produce surface-to-air missiles that hit the target at a distance of 150 kilometres.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in BUSİNESS

Business Business Latest News, Business Business Headlines