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Aselsan, one of Türkiye’s leading defense industry firms, has secured the 18th position among the world’s defense companies by market value.
According to data compiled by Anadolu Agency from Companies Market Cap, the U.S.-based RTX tops the list of publicly traded defense companies. Known for aircraft engines, cybersecurity solutions, and unmanned aerial vehicles (UAVs), RTX has a market value of approximately $180 billion.
In second place is Honeywell, another major U.S. company providing key aerospace and defense solutions. Operating in cybersecurity, aviation, and space communications, Honeywell has a market value of around $144 billion.
French company Safran ranks third, with activities in the aviation, defense, and security sectors, holding a market value of $124 billion.
Lockheed Martin, based in the U.S., came in fourth with a market value near $110 billion and is known for leading major projects such as the F-35 fighter jet.
Germany’s Rheinmetall follows in fifth place with a market value of $96 billion.
The top 10 also include the U.K.’s BAE Systems at sixth, U.S.-based General Dynamics at seventh, Northrop Grumman at eighth, France’s Thales at ninth, and L3Harris Technologies (U.S.) at 10th.
Aselsan, a cornerstone of Türkiye’s defense industry for over 50 years, ranks 18th globally with a market value of $15.18 billion.
Founded to respond to embargoes imposed on Türkiye following the Cyprus Peace Operation, Aselsan has played a critical role in developing military radio systems, air defense systems, indigenous electro-optical reconnaissance and targeting technologies, electronic warfare systems, and more.
In 2025, Aselsan reached the highest market value on the BIST 100 index, and its export figures continue to grow steadily.
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