ASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi: Business Overview, Financials & Competitive Analysis
ASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi scores 8/10 on the AskCyborg Cyborg Score (Strong). State-backed defense technology leader with secular growth drivers from Turkish military modernization and international expansion, but valuation and geopolitical exposure warrant careful monitoring. Aselsan demonstrates strong market position as Turkey's leading defense contractor with robust revenue growth, significant government backing, and expanding international presence. The.
What is ASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi's industry? ASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi (aselsan.com) operates in Aerospace and Defense (Defense Electronics). AskCyborg classifies ASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi under Aerospace and Defense (Defense Electronics) in its company registry.
Aselsan is Turkey's largest defense electronics company, designing and manufacturing advanced military systems for air, land, maritime, and space domains. Founded in 1975 to ensure Turkish defense independence, the co...
Cyborg Score thesis
State-backed defense technology leader with secular growth drivers from Turkish military modernization and international...
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Get Current Report FreeASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi Overview
Pro stress-test →Aselsan is Turkey's largest defense electronics company, designing and manufacturing advanced military systems for air, land, maritime, and space domains. Founded in 1975 to ensure Turkish defense independence, the company has grown into a major international defense contractor with capabilities spanning radar, electronic warfare, avionics, communication systems, and next-generation air defense technologies.
Strategic Profile
Pro stress-test →As a subsidiary of the Turkish Armed Forces Foundation (74.2% ownership), Aselsan enjoys stable government demand and deep integration with Turkish military modernization initiatives. The company leverages domestic technological innovation through joint ventures like its chip factory with Bilkent University and maintains competitive advantages through indigenous systems development, evidenced by recent major contracts including a $6.5B air defense systems contract signed in November 2025.
Competitive Landscape
Pro stress-test →Aselsan competes in the global defense electronics market against major international contractors including Collins Aerospace, General Dynamics, Thales, and Teledyne FLIR. Unlike these larger diversified conglomerates, Aselsan benefits from government backing and Turkish military modernization as primary demand drivers, positioning it as a specialized regional leader rather than competing on pure scale. Defense News ranks Aselsan as the 48th largest defense company by revenue globally.
Industry Context
ASELSAN Elektronik Sanayi ve Ticaret Anonim Şirketi operates in Aerospace and Defense (Defense Electronics).
Key facts
Founded: 1975 · Headquarters: Ankara, Turkey · Employees: 13,508 · Revenue: $4.65B · Market cap: $17.2B