Turkish defense company ASELSAN has been ranked the 18th most valuable defense company globally and 9th in Europe, according to a ranking published by Visual Capitalist using real-time market capitalization data from CompaniesMarketCap.com (as of May 20, 2025).
ASELSAN manufactures a broad portfolio of defense technologies, including air defense systems, tactical radios, radar platforms, electro-optical sensors, electronic warfare systems, and guided munitions. These solutions support armed forces across land, air, naval, and joint operations domains.
The company has a growing presence in the Middle East, South Asia, Central Asia, and Africa. In 2025, ASELSAN expanded its international footprint by opening a new regional office in Oman, further enhancing its ability to support local partners and regional defense programs.
ASELSAN’s financial results for 2024 reflect a year of strong growth. The company reported revenues of $3.2 billion, marking a 13% year-on-year increase. It also secured $6.5 billion in new contracts, including $1 billion in international sales. Export volume rose by 67%, and 29 new defense systems were introduced during the year. These figures underscore ASELSAN’s growing role in key areas such as air defense, radar systems, naval platforms, and guided munition technologies.
The company’s rise in the global defense ranking highlights its increasing relevance in international defense supply chains, supported by sustained R&D investment and strategic expansion into emerging markets.
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