Aselsan Expands Its Footprint with New Qatar Branch Launch
Turkish defense systems producer Aselsan Elektronik announced on Tuesday the inauguration of a new branch in Qatar.
The newly established branch, Aselsan Elektronik Sanayi ve Ticaret A.S. QSTP-B, will bolster the firm’s growing operations in Qatar, Aselsan declared in a report submitted to Borsa Istanbul’s public disclosure platform (KAP), as per Anadolu Agency (AA) news. No additional specifics were provided.
ASELSAN is affiliated with the Turkish Armed Forces Foundation, founded in 1975 to fulfill the communication requirements of the Turkish Armed Forces domestically. Presently, 74.20% of the shares are held by the Foundation, while the remaining 25.8% is traded on the İstanbul Borsa stock exchange.
ASELSAN stands out as the largest defense electronics enterprise in Turkey, offering a comprehensive capability/product portfolio that includes communication and information technologies, radar and electronic warfare, electro-optics, avionics, unmanned systems, land, naval, and armament systems, air defense and missile systems, command and control systems, transportation, security, traffic, automation, and medical systems. Today, ASELSAN has evolved into a company exporting indigenous products, engaging in international markets through a variety of cooperative models with local partners, and is recognized as one of the top 100 defense companies globally (Defense News Top 100).
With a strong emphasis on technology in its vision, ASELSAN aims to remain a company that sustains its growth by adding value in the global marketplace; being favored for its competitiveness, recognized as a strategic ally, and demonstrating care for the environment and society.
Alongside a highly skilled engineering team comprising over 7,000 employees, which serves as the main catalyst for the company’s success, ASELSAN dedicates 7% of its annual revenue for self-funded research and development pursuits.
