Two Turkey-based companies in top 100 arms-producing companies

ASELSAN and TUSAŞ have been listed in the top 100 revenue generating arms companies of 2018 published by Stockholm International Peace Research Institute. It is stated that arms sale of the two companies have increased by 22%
Tuesday, 10 December 2019 20:22

Stockholm International Peace Research Institute (SIPRI) has published the top 100 arms-producing and military service companies of 2018 in terms of revenue.

As reported by Deutsche Welle, 2 Turkish companies have made it to the list where the first 5 places were held by US companies.

It is reported that ASELSAN and TUSAŞ, two Turkish companies that made it to the list, have increased their total arms sales by 22% and reached 2.8 billion dollars.

It is stated in the report that other Turkish arms manufacturers have also shown significant growth within 2018 however could not manage to make it to the top 100.

SIPRI also reports that the military electronics company ASELSAN increased its arms sales by 41 percent and increased its turnover to $1 billion 700 million. ASELSAN is in the 54th place among the biggest hundred arms dealers in the international arena, while TUSAŞ, which has a turnover of 1 billion 100 million dollars with an increase of 0.5%, is listed as 84th.

The report said that many other Turkish arms manufacturers have also grown significantly.


The list includes 70 companies across the USA and Europe and the total revenue of these companies has increased by 5.2% according to 2017 to 348 billion dollars.

The US companies which held the first five places, Lockheed Martin, Boeing, Northrop Grumman, Raytheon, and General Dynamics have generated a revenue of 148 billion dollars. The total revenue of US companies in the first 100 has increased by 7,2% to 246 billion dollars.

Arms sales of the world’s 100 largest arms-producing and military services companies (the SIPRI Top 100) were $420 billion in 2018. This was an increase of 4.6 percent compared with 2017 total Top 100 arms sales.