Turkish defense leader Aselsan hits historic $30 billion market cap

Turkish defense leader Aselsan hits historic $30 billion market cap

Turkish defense contractor Aselsan has reached a historic financial milestone, surpassing $30 billion in market capitalization. This achievement makes it the first Turkish company to cross that threshold and secures its position among the top ten most valuable defense firms in Europe, marking a significant moment for Türkiye's strategic industries.

Export-driven growth and major contracts

The company's remarkable valuation is underpinned by aggressive international expansion and a focus on high-technology products. A key driver was a recent $410 million contract with NATO member Poland, strengthening Aselsan's footprint in the European defense market. From the start of 2023, the firm's order backlog has skyrocketed by 120% to reach $17.9 billion, a growth rate that nearly triples the global industry average.

Soaring exports and investor confidence

Aselsan's performance in international markets has been equally impressive. In the first nine months of 2025, the company signed new export contracts worth $1.45 billion, representing a staggering 171% increase compared to the same period the previous year. This export-oriented strategy, combined with its advanced technological solutions, has made the Ankara-headquartered company a focal point for global investors seeking exposure to Türkiye's tech transformation.

A symbol of national industrial capability

Aselsan's rise reflects the growing depth and competitiveness of Türkiye's domestic defense industry, which has prioritized self-sufficiency and innovation. The company stands as a leading indicator of the country's broader economic and technological ambitions, reducing reliance on foreign military imports and establishing itself as a formidable player on the global defense stage. Its success is closely watched as a benchmark for other strategic sectors within the Turkish economy.