Aselsan Elektronik Sanayi Ve Ticaret AS - Company Profile
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Aselsan Elektronik Sanayi ve Ticaret AS (ASELSAN), part of the Turkish Armed Forces Foundation, manufactures electronic systems for military and commercial applications. It is engaged in research, development, engineering, production, testing, assembly, integration, and sales. The company provides after-sales support, consultancy, and trading activities. It operates in the fields of electrical, electronics, microwave, electro-optics, guidance, computer, data processing, encryption, security, mechanics, and chemistry. ASELSAN serves various sectors, including the army, navy, air force, and aerospace applications, catering to institutions, organizations, companies, and individual consumers. It has operations in Western Asia and Southeastern Europe. ASELSAN is headquartered in Yenimahalle, Ankara, Turkiye
Headquarters
Turkey
Address
Mehmet Akif Ersoy Mahallesi, 296. Cadde, No:16, P.K.1, Yenimahalle, Ankara, 06200
Website
www.aselsan.com/tr
Telephone
90 312 5921000
No of Employees
16,243
Industry
Aerospace and Defense
Ticker Symbol & Exchange
ASELS.E (IST)
Revenue (2024)
$4.6B
14.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
49.6%
(2024 vs 2023)
Market Cap*
$34.1B
Net Profit Margin (2024)
XYZ
30.4%
(2024 vs 2023)
* As of and is in US$
Aselsan Elektronik Sanayi Ve Ticaret AS premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Solutions:- | - |
| Military Communication and Information | Tank modernization |
| Mission Critical Communication Systems | Logistics Support Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company entered into a contract worth about EUR1.47 billion with SSB to develop serial production of air defence systems. |
| 2026 | New Products/Services | In July, the company launched 200 HGK-84 guided bomb kits. |
| 2026 | Contracts/Agreements | In June, the company signed a US$900 million partnership to deliver air defense technologies for Ankara’s Steel Dome project. |
Competitor Comparison
| Key Parameters | Aselsan Elektronik Sanayi Ve Ticaret AS | RTX Corp | Airbus SE | Lockheed Martin Corp | Northrop Grumman Corp |
|---|---|---|---|---|---|
| Headquarters | Turkey | United States of America | Netherlands | United States of America | United States of America |
| City | Ankara | Arlington | Leiden | Bethesda | Falls Church |
| State/Province | Ankara | Virginia | - | Maryland | Virginia |
| No. of Employees | 16,243 | 180,000 | 165,294 | 123,000 | 95,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ahmet AKYOL | Chief Executive Officer | Senior Management | 2023 | 44 |
| Nurettin Tuysuz | Deputy General Manager - Financial Management | Senior Management | 2025 | 45 |
| Mehmet ARTAR | Deputy General Manager - Corporate Management | Senior Management | 2023 | 57 |
| Ercumend Arvas | Chairman | Executive Board | 2023 | 73 |
| Mustafa Murat SEKER | Vice Chairman | Executive Board | 2022 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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