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Türkiye-based energy equipment maker Astor Enerji announced Wednesday that it secured multiple supply agreements with U.S. companies worth a combined $768.86 million.
Following the announcement, the company’s shares on Borsa Istanbul rose nearly 9% during the session.
In a disclosure, the company stated that one contract was finalized following negotiations with a U.S.-based firm, alongside additional agreements signed with three other companies in the country.
The contracts cover the delivery of power transformers with capacities ranging from 60 MVA to 300 MVA. Shipments are set to begin in 2026 and continue until the third quarter of 2028, indicating a multi-year execution timeline.
The company highlighted that the total value of the agreements corresponds to 96.4% of its reported revenue at the end of 2025, which stood at ₺35.29 billion ($892.31 million).
Commenting on the deal, Astor Enerji board member Olcay Dogan said the company’s total orders from the U.S. have reached around $1.1 billion following the latest agreements.
He added that the company currently holds a backlog of approximately $920 million, excluding the newly secured contracts.
Dogan said Astor Enerji has already filled its order book for 2026, indicating that its existing production capacity is fully allocated for that year.
He noted that deliveries for the US orders are scheduled for 2027 and 2028, with production set to begin next year.
The company expects to secure additional orders from firms investing in artificial intelligence data centers, particularly in the United States.
"We will start to see the financial impact of these orders from the beginning of 2027," he said.
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