ASELSAN Signs $1.1 Billion Air Defence Export Contract With Unnamed Customer

ASELSAN has signed a USD 1.1 billion air defence export contract with an international customer, the Turkish defence electronics company said in a filing to the Public Disclosure Platform (KAP) on Tuesday 3 November 2026. It did not name the buyer or the systems involved.

What ASELSAN disclosed

The one-sentence statement was filed as a “new business relationship” notice at 10:07 Istanbul time (KAP disclosure 1691350) and repeated on the company’s investor-relations page (ASELSAN) and its official X account in Turkish and English (@aselsan). The customer field reads simply “International Customer”. The start date of the relationship is given as 3 November 2026, and the “significant terms” field is left blank. ASELSAN said the deal “will positively affect the company’s revenue”.

The filing also lists the customer’s share of ASELSAN’s net sales and trade receivables in its latest published accounts as 0.0%. That is the standard KAP format, and it shows the buyer did not account for a measurable share of sales in those statements; it does not on its own say whether the customer is new to ASELSAN.

What is still unknown

The disclosure gives no country, no product name, no quantities, no delivery schedule and no payment terms. ASELSAN has used the same wording for earlier air defence exports, so the filing alone does not reveal whether the package covers guns, missiles, radars, command-and-control systems or a mix. We are not naming a system or a customer until ASELSAN, the buyer or Türkiye’s Presidency of Defence Industries (SSB) confirms one.

ASELSAN’s air defence portfolio

ASELSAN, majority-owned by the Turkish Armed Forces Foundation, is Türkiye’s largest defence electronics firm. Its air defence work spans the KORKUT 35 mm self-propelled gun system, the HİSAR low- and medium-altitude missile family and the long-range SİPER, developed with ROKETSAN and TÜBİTAK SAGE under SSB-led programmes, plus the radars, electro-optical sensors and command-and-control systems that tie them together. These systems make up much of Türkiye’s layered “Steel Dome” (Çelik Kubbe) air defence architecture. On 2 November Industry and Technology Minister Mehmet Fatih Kacır told parliament that serial production of SİPER-2 would start next year (our report).

Previous developments

This is ASELSAN’s second disclosed air defence export in about a month. On 2 October 2026 it reported a €488.5 million contract with a foreign end user for air defence systems, again without naming the customer (ASELSAN).

In its nine-month results filed on 27 October, ASELSAN reported a record backlog of $30.7 billion, $14 billion of new contracts and $1.9 billion of new export contracts, up 34% year on year (our report). Those figures cover the period to 30 September, so the October and November air defence deals come on top of them.

Industry context

A $1.1 billion single contract is large by the standards of ASELSAN’s annual export intake: it is more than half of the $1.9 billion in new export contracts the company reported for the first nine months of 2026. Demand for short- and medium-range air defence has risen with the spread of drones and cruise missiles in recent conflicts, and Turkish firms compete in that market with American, European, Israeli, South Korean and Chinese suppliers. For an overview of the sector, see our guide to the defence industry of Türkiye.

Sources: ASELSAN KAP disclosure of 3 November 2026 (no. 1691350); ASELSAN investor-relations notices of 2 October and 3 November 2026; ASELSAN official X account; ASELSAN nine-month 2026 KAP results (27 October). We will update this article if the customer or the systems are announced.