TURKEY'S ASELSAN TO SUPPLY COMMUNICATIONS SYSTEMS FOR $43.6 MLN TO SPECTECHNOEXPORT

Business news from the Ukrainian League of Industrialists and Entrepreneurs

TURKEY’S ASELSAN TO SUPPLY COMMUNICATIONS SYSTEMS FOR $43.6 MLN TO SPECTECHNOEXPORT

11 Oct , 2017  

KYIV. Oct 11 (Interfax-Ukraine) – Turkey’s Aselsan on October 9, 2017 signed a contract with a Ukrainian client on the acquisition of communications system for $43.635 million, according to a company report on the Istanbul Stock Exchange on Tuesday.
According to the report, the company will supply its systems in 2018.
As reported, on October 9, 2017, after a meeting of the High-Level Strategic Council between Ukraine and Turkey headed by President of Ukraine Petro Poroshenko and Turkish President Recep Tayyip Erdogan, Aselsan and state-owned foreign trade enterprise Spectechnoexport signed a contract on the acquisition of the communications system in Kyiv.
Aselsan is a leading defense company in Turkey. It is in the 100 top largest defense companies in the world.
The company increased sales by 35.5% in 2016, to TRY 3.768 billion and the company saw a 3.7-fold rise in net profit, to TRY 95 million.
Spectechnoexport is a leading Ukrainian special exporter. Since December 2010 the company has been part of the Ukroboronprom State Concern.