ASELSAN financial results 2024 reflect a year of outstanding growth, with revenues reaching $3.2 billion and a 13% annual increase. The company secured $6.5 billion in new contracts, including $1 billion in international sales, strengthening its global footprint. With a 67% rise in export volume and the introduction of 29 new defense systems, ASELSAN continues to lead in air defense, radar, naval, and guided munition technologies.
Strengthening Global Presence
ASELSAN’s commitment to international expansion was highlighted by its $1 billion in export contracts, marking a 70% increase from the previous year. The company expanded its footprint by signing deals with seven new countries, raising the total number of nations using ASELSAN’s technology to 92. Notably, 31 products were exported for the first time, while the total export volume surged to $508 million, reflecting 67% year-over-year growth.
Read More: ASELSAN Expands Presence in Latin America with New Office Opening in Chile
ASELSAN President & CEO Ahmet Akyol credited the company’s aselsaneXt vision and international cooperation-driven growth strategy for these achievements. He emphasized the company’s expansion into 20 countries with six new offices and the rapid success of ASELFLIR-500, which entered production in February 2023 and was exported to 16 countries within a year.
Advancements in Defense Technology
ASELSAN introduced 29 new systems in 2024, including:
- Air Defense Systems: Key components of the Steel Dome, featuring SİPER and HİSAR air defense systems.
- Radar Systems: AESA-based ALP 300-G and ALP 100-G radars.
- Naval Systems: MARLİN USV and DÜFAS low-frequency towed active sonar system.
- Guided Munitions: The TOLUN guided munition, capable of engaging eight targets in a single sortie.
Read More: ASELSAN Unveils Advanced Land and Weapon Systems at IDEX 2025
Investments in R&D and Production
ASELSAN reinforced its R&D and mass production infrastructure with strategic investments, including:
- A $40 million Electro-Optic FLIR Production Facility.
- A $50 million Radar Integration Center.
Future Outlook
As ASELSAN celebrates 50 years of innovation, the company aims to sustain over 10% growth in 2025 and continue its trajectory toward becoming one of the world’s top 30 defense companies by 2030.
Tags:
