Turkish Defence Exports to Exceed $1 Billion

[Babur Han]

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Turkish Defence Exports to Exceed $1 Billion


Foreign Trade Minister Zafer Çağlayan on Tuesday said current projections show that the country’s defense industry exports would exceed well over $1 billion next year.


The minister also mentioned expectations related to the sector’s turnover, saying the defense industry’s annual earnings would reach $3 billion in 2011 from the current $2.3 billion. This figure was $832 million in 2009 and only $248 million in 2002, he said.

Çağlayan was speaking at a press conference in Ankara to promote the upcoming 2nd Equipment Expo of the Turkish Armed Forces (TSK) and the Ankara Industry Fair, both of which are scheduled for October 2010. He was accompanied by Defense Minister Vecdi Gönül and Deputy Prime Minister Cemil Çiçek.

Turkish Defence Exports to Exceed $1 Billion | TRDEFENCE

[Vord]

Nice. It seems Turkey's closely following South Korea, which had reached $1B in defence sales back in 2008.

[True_Pakistan_Zindabad]

This is a huge figure. It gives Turkey a free arm to plan and act. I wish we get involved with them and get expand the market, act as middle man to China and reap billions.

[Tshering22]

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Oh that's cool, Turkey is emerging as an excellent alternative for Western, Russian and Israeli weapons. But you got a lot of competitors man. China is a major competitor when it comes to exporting cost effective modern weapons.

Pakistan could possibly benefit a lot by purchasing Turkish equipment.