Defense giant Aselsan 1st Turkish firm to hit $30B market cap
Defense and electronics giant Aselsan surpassed $30 billion (nearly TL 1.3 trillion) in market value on Tuesday, making it the first Turkish company to hit the landmark threshold.
Aselsan’s shares closed at TL 289.75 on Tuesday, extending its recent rally.
As a result, the firm, which rose to become the most valuable company on the Istanbul Stock Exchange last year with a market value of TL 1 trillion, has set another new record.
Aselsan also achieved significant success by ranking among the top 10 most valuable defense industry companies in Europe.
The firm’s success is critically linked to its effectiveness in international markets and its investment in game-changing high-tech products. Making export-oriented growth its top priority, Aselsan recently reinforced its global presence with a $410 million contract signed with Poland, a NATO member country.
Alongside the rising wave in global markets led by European and U.S.-based technology giants, Aselsan has become a focal point for investors with its advanced tech solutions and has emerged among the strongest representatives of technological transformation in Türkiye.
Aselsan increased its backlog of orders by 120% from the beginning of 2023 to the present, reaching $17.9 billion, outdoing global giants by nearly tripling the global average increase of 42% in this area.
Similarly, Aselsan’s export contracts also jumped significantly during these years. In the first nine months of 2025, it signed new export contracts worth $1.45 billion, soaring 171% from the same period of the previous year.
Source: Daily Sabah
