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Türkiye signs $15B in new defense contracts in 2026 so far

Summary by Daily Sabah
Türkiye has inked $15 billion in new defense contracts this year, targeting $20 billion by the end of the year, according to a senior official on Saturday. Haluk Görgün, the head o...

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Orders placed with domestic companies in the defense industry reached $15 billion in 2026. Presidential Defence Industry Head Haluk Görgün stated that they foresee this target reaching $20 billion by the end of the year. Görgün emphasized that the increase in exports is above the overall export growth rate of Türkiye.

Key takeaways During a speech at Turkey Innovation Week 2026 in Istanbul, President Recep Tayyip Erdogan revealed that exports of defense and aerospace products amounted to more than 10 billion dollars in 2025 and reached markets in 180 different regions. Speech During the speech, Erdogan pointed to the government's aim to the production capacities […]

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Business AM broke the news on Sunday, October 18, 2026.
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