As per the 2021 sector performance data prepared by the Defense and Aerospace Industry Manufacturers Association (SASAD), the defense and aerospace industry turnover surpassed the US$ 10 billion threshold in 2021 and returned to pre-pandemic levels.

Making an opening speech at the 4th Defense Industry Meetings organized in cooperation with the Istanbul Chamber of Industry and SAHA Istanbul, President of Defense Industries Prof. İsmail DEMİR also announced the 2021 turnover data, order amount and R&D expenditure figures of the defense industry: “According to the 2021 sector performance data prepared by the Defense and Aerospace Industry Manufacturers Association (SASAD), our defense and aerospace industry turnover surpassed US$ 10 billion threshold in 2021 and returned to pre-pandemic levels. The total value of new orders received by our industry rose by 40 percent compared to the previous year and amounted to approximately US$ 9 billion. The R&D expenditures of our industry increased by 32 percent compared to the previous year and exceeded 1 billion 600 million dollars. By the end of this year, we aim to achieve further increases in these figures.”