ASELSAN Signs €523 Million Contract to Develop New-Generation Air and Missile Defence System

ASELSAN signed a €523 million contract with Türkiye’s Presidency of Defence Industries to develop a new-generation air and missile defence system. The agreement took effect on October 26 and was disclosed to investors through the Public Disclosure Platform, identifying development rather than serial production as its purpose. Neither a system designation nor its technical configuration or delivery timetable was announced, so the award does not establish a specific new interceptor or battery configuration. It follows separate Turkish air-defence production and export awards as ASELSAN’s order backlog reached $30.7 billion at the end of the third quarter.