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Turkish defense company Aselsan signed a contract worth approximately €1.47 billion ($1.68 billion) with Türkiye's Presidency of Defense Industries (SSB) to expand the serial production of air defense systems
The agreement, signed in addition to ongoing serial production projects for air defense systems, is valued at exactly €1,470,500,012.38, Aselsan said in a statement on Türkiye's Public Disclosure Platform (KAP).
Aselsan CEO Ahmet Akyol said Friday the agreement would further strengthen the serial production capacity of Türkiye's air defense systems and contribute to the country's multi-layered Steel Dome air defense architecture.
"We continue to strengthen the Steel Dome," Akyol said.
"With the support of our state, we will continue producing in high volumes and working resolutely for the security of our country," he added.
Türkiye's Steel Dome is designed as a system of systems capable of detecting, assessing, and intercepting aerial threats across diverse altitudes and ranges.
Its layered architecture includes systems intended to counter low-altitude threats such as drone swarms and loitering munitions, Hisar systems in the medium layer, and the Siper system in the upper layer.
All layers of the architecture were completed following the entry of the long-range Siper air defense system into the Turkish Armed Forces' (TAF) inventory.
Steel Dome integrates air defense weapons, radars, electro-optical sensors, communications modules and command-and-control centers within a single network, creating a common air picture that is transmitted to operations centers in real time and processed through artificial intelligence-supported systems to assist decision-makers.
Systems including Korkut, Hisar-A, Goker, Gokberk, Hisar-O and Siper can operate in an integrated structure under Steel Dome, alongside sensors capable of tracking, identifying and classifying targets.
Aselsan also supplies Hakim, the upper-level command-and-control system responsible for coordinating the architecture's components.
Hakim is Türkiye's first domestically developed air command-and-control system and is intended to ensure that sensors, weapons and future air defense platforms operate in a coordinated, fully integrated manner.
Aselsan shares, traded on Borsa Istanbul under the ticker ASELS, opened Friday's session near the previous close of ₺358.75 before initially declining to around ₺357.50.
Following the contract announcement, the company's stock surged on heavy trading volume.
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