ASELSAN ELECTRONICS ANNOUNCES €225 Million Contract with ASFAT and Highlights 2025 Milestones
ASELSAN Elektronik Sanayi ve Ticaret A.Ş. (ASELSAN) confirmed the signing of a €225 million contract with Askeri Fabrika ve Tersane İşletme AŞ (ASFAT) on 1 January 2026. The agreement covers a broad range of defence technologies, including electronic warfare, radar, communications, navigation, weapons, electro‑optical and underwater systems, all of which are intended for maritime platform warfare systems.
Key Contract Details
- Parties: ASELSAN and ASFAT
- Contract Value: €225 million (approximately 1.8 billion Turkish lira at current exchange rates)
- Scope: Electronic warfare, radar, communications, navigation, weapons, electro‑optical and underwater systems for naval platforms
The announcement was made via ASELSAN’s official social‑media account, with the company noting that the contract “enables us to expand our capabilities in maritime defence and reinforces our position as a leading supplier in the Turkish defence industry.”
2025 Performance Highlights
ASELSAN’s 2025 “Z Report” (annual activity report) underscored significant achievements in exports, investment, and record deliveries:
| Metric | 2025 Value | Significance |
|---|---|---|
| Total Exports | Record high (exact figure not disclosed) | Demonstrates expanding international market share |
| Investment | Significant increase (exact figure not disclosed) | Indicates continued capital expenditure on R&D and production capacity |
| Deliveries | Record volumes (exact figure not disclosed) | Reflects robust production and supply chain performance |
The company celebrated its 50th anniversary in 2025, with CEO Ahmet Akyol emphasizing that the year was marked by “financial and technological performance” that set a new benchmark for the company’s future trajectory.
Market Context
- Borsa İstanbul (BIST) 100 Index: On 31 December 2025, the BIST 100 closed at 11,261.52 points, up 41.35 points (0.26 %) from the open.
- BIST 30 Index: The year saw 18 constituents generating gains, with the strongest performer rising by 1.025 %.
- ASELSAN’s Share Performance: As of 30 December 2025, ASELSAN’s closing price was 231.7 TRY, with a 52‑week high of 237.3 TRY and a 52‑week low of 73.45 TRY.
- Price‑to‑Earnings Ratio: 63.82459, reflecting market expectations for future growth.
ASELSAN’s market capitalization stood at 1,056,551,986,083 TRY, placing it among the top performers in the Information Technology sector of the Turkish market.
Strategic Implications
The ASFAT contract reinforces ASELSAN’s role as a key supplier for Turkey’s naval modernization programme. By expanding its product portfolio to include advanced maritime defence systems, ASELSAN is positioning itself to meet the growing demand for integrated electronic and weapons solutions. The contract also aligns with Turkey’s strategic objective of reducing dependence on foreign defence equipment.
Conclusion
ASELSAN’s €225 million agreement with ASFAT, coupled with its record 2025 performance and strong market standing, underscores the company’s continued leadership in the aerospace and defence industry. The firm’s 50th anniversary and subsequent milestones reflect a trajectory of sustained growth, technological innovation, and expanding export capability.
