Defence Turkey: Mr. ÇETİNGÜL, can you touch on Honeywell’s 2018 performance results? Did exports, turnover and sales fulfill your expectations? We’ve observed a recession in the growth of certain companies, while some achieve turnovers beyond their expectations. How has this period been for you thus far and what are your expectations for the remainder of 2019?

Serdar ÇETİNGÜL: 2018 was a very fruitful year for Honeywell. We were successful not only in our aviation activities but also in all of our activities. We began to collaborate on the distribution side with our local aviation partner Dormak in 2018. There, we aim to achieve direct access to the end-users because when we take a look at the existing platforms in the inventory, there are always Honeywell components in almost all airborne platforms such as the F-16, C-130, UH-1, S-70, CH-47 and Sikorsky. This is partly because of Honeywell’s wide product range. We do not limit our activities in a single area such as engines, avionics or satellite communication. Instead we are a company that develops and manufactures all such products. Therefore, we are already collaborating with companies existing in the sector as platform manufacturer, but due to the legislation and public procurement laws, we did not have the opportunity to conduct business with the end-users. So, in order to overcome this, we started to collaborate with a local partner. There are many advantages that are offer to the end user via the method of distribution.