Turkey continues to increase its investments in the defense industry. Many different institutions and companies are working to increase the power of our country in this field. ASELSAN, which is one of these institutions, announced its financial reports for the first quarter of 2022.
While ASELSAN’s Profit Before Interest, Depreciation and Tax (EBITDA) was 1 billion TL, its net profit increased by 36 percent compared to the same period of the previous year and reached 1.7 billion TL. The total order balance reached $8.3 billion. Here are the details…
Aselsan received one of the most prestigious awards in the world!
Aselsan won the International Safety Awards, one of the most prestigious awards in the world.
ASELSAN is running a record
Evaluating ASELSAN’s financial results for the first quarter of 2022, Chairman of the Board and General Manager Prof. Dr. Haluk GÖRGÜN said: “While putting our advanced technologies at the service of the world, we have not forgotten to fulfill our responsibility to our country. We left behind another quarter in which we continued to contribute to our economy. As of the end of the first quarter of 2022, our company’s balance orders amounted to 8.3 billion USD.
As ASELSAN, the 1st Artificial Intelligence Summit, which is planned to raise awareness in the public, private sector, academia and entrepreneurship world, in order to support the Artificial Intelligence Strategies of Turkey announced by the Presidency’s Digital Transformation Office and the Ministry of Industry and Technology. [Tomorrow Summit] We participated in the event.
At the summit, where it was emphasized that artificial intelligence applications in defense systems are progressing day by day, we shared our projects with artificial intelligence capabilities. In the next 20 years, human life will undergo a transformation similar to the one it has undergone with the information revolution in the past 20-25 years.
ASELSAN continues its activities in civilian areas on this path that our nation and engineers set out with the vision of independence. Our ARIN X-Ray Baggage Control Devices, which were developed with national means, were delivered to Tokat Airport to be used under the responsibility of the General Directorate of State Airports Administration, after Gaziantep. We continue to develop and develop with our projects that are growing day by day, and we will continue to do so.”
Financial solutions in supplier financing
We are aware of the importance of working towards the financial needs of our suppliers, with which we move forward by joining forces. With this awareness, we signed the Supplier Financing System agreement with Anadolubank, increasing the number of banks we work with to 15. Under the umbrella of the power union we created, we made a financial contribution to our suppliers in the first quarter of 2022 by making payments of nearly 5.3 billion TL.
In addition, we successfully completed the nationalization of 47 products in this 3-month period. Thus, we have increased the number of products we have nationalized in the last 3 years to over 554, ensuring that a size close to 243 million USD remains in our country.
With the financial solutions offered with this system, ASELSAN will increase the production volumes of its suppliers and increase the contribution to the country’s economy. We are very happy to realize this cooperation, which will support the strengthening of production, which is one of the building blocks of social economic development. As ASELSAN, we will continue to advance our cooperation in every field by working shoulder to shoulder with our stakeholders and valuable business partners in our industry.
We stand with humanity on the issue of climate
At the Economy and Climate Change Summit and Fair (EKO KLİM) summit, where the issues of “climate change” and “green transformation” were discussed, we, as ASELSAN, explained our solutions and practices that we have produced for a sustainable world. We exhibited our domestic and national renewable energy solutions, electric transportation and smart cities solutions.
While creating economic added value for Turkey with the aim of independent technologies at ASELSAN, we also work to provide long-term social and environmental benefits. Moreover, not only with our administrative processes and practices; We stand by humanity for a sustainable future with our national products and systems. We manage the climate change risk, which may adversely affect not only ASELSAN, but also our entire value chain, with our high technology, human value and strong knowledge.”
With the importance we attach to occupational health and safety and the practices we have developed, the only award in the defense industry from Turkey within the scope of the “International Safety Awards”, one of the most prestigious awards in the field of occupational health and safety in the world, organized by the British-based British Safety Council. We became a company.
ASELSAN Chairman of the Board and General Manager Prof. Dr. Haluk GÖRGÜN concluded his statements with the following words: “We will continue to move forward with the same determination to work in 2022 and to transfer this to our financial results. I would like to thank all our stakeholders, especially our President and Presidency of Defense Industries.”
So what do you think about this subject? What do you think ASELSANDoes this success of ‘s cause more companies to invest in the defense industry? Give your feedback in the comments section or SDN ForumYou can share it with us.