The order backlog of Turkish defense and electronics giant Aselsan rose to $30.7 billion (TL 1.53 trillion) as of the end of the last quarter on strong demand for its air defense and other products, the company said.
The volume was up 32% quarter-over-quarter, the company said in its financial results.
The shares of the company were trading up 5.2% at midday on Wednesday, up 54.5% year-to-date despite recent volatility at the country’s stock exchange.
The company secured $14 billion in new contracts in the first nine months of 2026, according to the financial results.
As of Sept. 30, net sales increased by 28%, hitting TL 151.5 billion, and the export-to-net-sales ratio was 18%.
Source: Daily Sabah
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