Turkey to become defence giant soon  

2021/01/thumbs_b_c_77afb8219636afd508cfcec9d91fceda-1611293083.jpg
Read: 329     10:54     22 January 2021    

Turkey will become a defence giant very soon thanks to its investments in the sector for the last five years, the country's technology and industry minister said on Thursday, Defence.az reports citing the Turkish media. 

"I believe that Turkey's Bayraktar and Anka unmanned aerial vehicles (UAVs) will fly in European skies," Mustafa Varank said during an event jointly organized by the Istanbul Defence and Aerospace Cluster Association and Istanbul Chamber of Industry.

He recalled that Ben Wallace, the UK's secretary of state for defence, had said Turkish UAVs are a "game changer".

Noting that the global defense expenses surpassed $2 trillion last year, he said Turkey's defence and aviation revenue reached $12 billion annually.

The country's defense exports rose from $340 million in 2005 to $3 billion last year, he added.

He said with each passing day the industry was focusing more and more on local production, adding that in 2023 the defence industry will be self-reliant by 75%.

Ismail Demir, the head of Turkey's Defence Industries Presidency, reiterated Turkey meets a large portion of its defence needs with local production.

He said Turkey's 2023 targets for the defence industry are $27 billion in revenue, $10 billion in exports and 80,000 employees.



Tags: #Turkey  



News Line

Turkey to become defence giant soon  

2021/01/thumbs_b_c_77afb8219636afd508cfcec9d91fceda-1611293083.jpg
Read: 330     10:54     22 January 2021    

Turkey will become a defence giant very soon thanks to its investments in the sector for the last five years, the country's technology and industry minister said on Thursday, Defence.az reports citing the Turkish media. 

"I believe that Turkey's Bayraktar and Anka unmanned aerial vehicles (UAVs) will fly in European skies," Mustafa Varank said during an event jointly organized by the Istanbul Defence and Aerospace Cluster Association and Istanbul Chamber of Industry.

He recalled that Ben Wallace, the UK's secretary of state for defence, had said Turkish UAVs are a "game changer".

Noting that the global defense expenses surpassed $2 trillion last year, he said Turkey's defence and aviation revenue reached $12 billion annually.

The country's defense exports rose from $340 million in 2005 to $3 billion last year, he added.

He said with each passing day the industry was focusing more and more on local production, adding that in 2023 the defence industry will be self-reliant by 75%.

Ismail Demir, the head of Turkey's Defence Industries Presidency, reiterated Turkey meets a large portion of its defence needs with local production.

He said Turkey's 2023 targets for the defence industry are $27 billion in revenue, $10 billion in exports and 80,000 employees.



Tags: #Turkey