Pasifik Teknoloji jumps on defence export framework deal

Pasifik Teknoloji

05/05/2026 08:44

** Shares in Turkey's Pasifik Teknoloji PATEK.IS rise 10%, hitting the daily ceiling on Borsa Istanbul, after the Turkey-based information and technology company said it had signed a framework agreement with an unnamed country

** Under the agreement, Pasifik Teknoloji will export 100,000 FPV kamikaze unmanned aerial vehicles, the company said

** The framework agreement also includes the export of 100,000 Merküt FPV kamikaze UAV systems, along with 10 Alpin unmanned helicopters, 25 Dumrul mini unmanned helicopters, as well as 500 Deli tactical kamikaze units and 500 Korgan autonomous ground support and observation systems

** The company said the agreement marks its first export in the defence sector

** Brokerage Global Menkul Degerler says it views the news positively, citing the company's plans to make its first defence-sector export and the potential to strengthen its positioning in international markets

** Pasifik Teknoloji was the top performer on the BIST 100 .XU100 index which is up 0.57%

(Reporting by Canan Sevgili)

((canan.sevgili@thomsonreuters.com))