ONRYT signed an important contract with SSB.

Collaboration Between ONRYT and SSB

Onur Yüksek Teknoloji (ONRYT) announced that it has signed a critical contract with Turkey's Presidency of Defense Industries (SSB). This contract is considered an important step towards the digitization of the communication infrastructure of the command and control elements of the Turkish Armed Forces.

Contract Details

According to the statement, the total value of the contract between ONRYT and SSB has been set at 7.36 million dollars, with an additional option of 1.11 million euros anticipated. In the announcement regarding the project, it was stated, "The project is expected to have a positive impact on financial statements in terms of revenue, operational profitability, and liquidity." These statements signal that the project will have a positive effect on the company's financial indicators.

Stock Performance

Following the news, investors showed intense interest in ONRYT shares. As of 16:42, the shares gained 3.43% in value, trading at 66.35 TL. This increase has been interpreted as a reflection of the market's willingness to assess the potential benefits that the contract will bring.

In conclusion, the contract signed between ONRYT and SSB symbolizes an important development for both the company and the Turkish defense industry, while also managing to draw the attention of investors.