Aselsan order backlog jumps to $30.7 bln as air defence demand surges
Aselsan order backlog jumps to $30.7 bln as air defence demand surges Oct 28 (Reuters) - Turkish defence manufacturer Aselsan's ASELS.IS order backlog rose to $30.7 billion at the end of the third quarter, up 32% quarter-on-quarter, the company said in its results on Tuesday.
Third-quarter net profit rose 82% to 11.2 billion Turkish lira ($224.75 million), revenue rose 35% to 58.1 billion Turkish lira ($1.17 billion).
Aselsan said it received an additional $881 million in orders after the quarter ended in September.
Aselsan received $8.8 billion worth of orders from Turkey's Presidency of Defence Industries (SSB) in 2026, of which $7.4 billion were related to air defence and air radar system related orders, according to Reuters calculations.
Aselsan's general manager said in May the company would ramp up deliveries for NATO member Turkey's integrated, multi-layered "Steel Dome" air defence system.
Reuters calculations based on company disclosures show Aselsan has announced roughly $5.9 billion worth of new orders in October.
Brokerage Is Yatirim said earnings exceeded its forecasts, mainly due to stronger-than-expected operational performance.
The company does not publicly disclose details of all orders it receives.
Shares were up 3.89% at 0838 GMT.
($1 = 49.8328 liras)
(Reporting by Mirac Eren Dereli; Writing by Canan Sevgili)
((miraceren.dereli@thomsonreuters.com;))
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