Aselsan agrees $413 million defense deal with top industry body

December 31 2017 11:52:27

Aselsan agrees $413 million defense deal with top industry body

ANKARA

Turkish defense contractor Aselsan announced a $413.27 million deal with the Undersecretariat for Defense Industries (SSM) on Dec. 29, state-run Anadolu Agency has reported.

The agreement is for a short-range, low-altitude aerial defense system.

“A short range/low altitude defense system agreement … has been signed between ASELSAN and the Undersecretariat for Defense Industries,” Aselsan said in a statement to the Public Disclosure Platform (KAP).

“Within the context of the agreement, the deliveries will be completed between the years 2019-2022,” it added.

The company, established in 1975, mainly focuses on supplying the Turkish Armed Forces but has grown to provide systems to foreign clients.

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