Turkish defence firm Aselsan's $1.5 billion investment to boost production capacity, Erdogan says

Aselsan Elektronik Sanayi ve Ticaret

27/08/2025 16:06

ANKARA, Aug 27 (Reuters) - President Tayyip Erdogan said on Wednesday that a $1.5 billion investment by Turkey's Aselsan ASELS.IS in a technology base would more than double the defence electronics company's production capacity.

Speaking in Ankara, Erdogan said the base will be the largest single defense industry investment in the country and Europe's biggest integrated air defence facility.

 (Reporting by Huseyin Hayatsever
Editing by Mark Potter)

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