Aselsan will operate in 30 countries by 2025.

New Strategic Goals from Aselsan

Last week, during an interview with Bloomberg in Antalya, Ahmet Akyol, General Manager of Aselsan, announced that the company's shares reached record levels last year due to increased exports and investor demand. Akyol stated that they have submitted bids for projects across NATO and Europe, and they plan to increase the number of countries they operate in from 25 to 30.

Overseas Sales and New Export Contracts

Akyol announced that overseas sales have increased by 89%, rising from 508 million dollars to 958 million dollars. He also expressed that they expect new export contracts to double by 2025, reaching 2.69 billion dollars.

Joint Ventures and Foreign Acquisitions

Akyol stated, "We have carried out numerous joint ventures abroad to date. We have not directly acquired foreign companies; however, I can say that such collaborations may be possible in the upcoming period."

Aselsan's Role in the Defense Industry

In recent years, as Turkey has expanded its military presence in the Middle East by producing fighter jets, frigates, unmanned aerial vehicles, and ballistic missiles, efforts to develop the domestic defense industry have intensified. Aselsan has taken a central role in major defense projects during this process and has shifted to a more aggressive export policy, recently signing an agreement with Poland.

Steel Dome Project and New Investments

HSBC Investment Analyst Cenk Orcan noted that Aselsan has maintained its resilience in domestic projects thanks to the Steel Dome project. Akyol stated, "When we announce the figures, you will see that we received the highest amount of work in our history last year."

Akyol also shared that they planned a 1.5 billion dollar investment for a new technology base named Oğulbey, aiming to create over 10,000 jobs at the facility.

Market Performance and Investor Interest

Aselsan shares have gained 236% in value over the past year, coinciding with increased interest in defense stocks. Akyol stated that approximately 70% of the shares are owned by foreign investors. The institution has raised its estimates for Aselsan and increased the 12-month price target from 235 liras to 340 liras.