(ECO)EXPORTS OF TURKISH DEFENSE INDUSTRY COMPANIES UP DESPITE GLOBAL CRISIS.
The Turkish defense industry companies earmarked 206 million USD to Research and Development from their own assets last year and achieved 2.3 billion endorsement.
Endorsement of the Turkish defense industry companies in the past five years is approximately 2 billion USD.
There is a growing interest of foreigners in products of Turkish defense industry in the recent years.
According to the figures of Turkey's Defense Industry Manufacturers Association (SASAD), endorsement and exports figures of the defense companies in Turkey have regularly been rising since 2005.
A survey carried out by SASAD with 100 companies says total endorsement of the Turkish defense industry rose 45 percent and exports rose 98 percent when compared with the figures of five years ago.
The companies raise their capabilities and competence thanks to the support and incentives provided by Defense Industry Undersecretariat. Total endorsement of the companies, which was 1.6 billion USD in 2005, has risen to 2.3 billion USD in 2009.
Exports of the companies which was 337 million USD in 2005 have risen to 669 million USD in 2009 and amount spent to Research and Development has risen from 79 million USD to 206 million USD.
Officials said Turkish defense industry companies, which were particularly exporting to the Middle East and Far East countries, started to make exports to the United States and Europe in the past few years and that this was promising for the future.
According to SASAD's defense industry survey results, share of the companies allocated to endorsement, exports and Research and Development is as follows:
. (Million USD)
YEARS ENDORSEMENT EXPORTS SEARCH AND DEVELOPMENT
------ ------- ------- ---------------------
2005 1.591 337 79
2006 1.720 352 91
2007 2.010 420 120
2008 2.317 576 228
2009 2.319 669 206
SASAD, established 20 years ago by a dozen defense companies, has grown to more than 100 members and associate members. In its mission statement, SASAD says it provides a flow of information between the military, as the end-user, and the SSM on one side and the Turkish defense industry, as the designer and producer, on the other. It also represents the industry in national and international arenas. The members of SASAD's board of directors are managers at top companies.
(THROUGH ASIA PULSE)
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|Publication:||Anadolu (Eskisehir, Turkey)|
|Article Type:||Industry overview|
|Date:||Jun 20, 2010|
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