ASELSAN secured $14 billion in new contracts in nine months, backlog exceeded $30 billion for the first time

ASELSAN announced its financial results for the first nine months of the year on the Public Disclosure Platform (KAP). During this period, new contracts received totaled $14 billion, while new export contracts signed under the company's export-driven growth strategy rose 34 percent to $1.9 billion. For the first time in company history, backlog orders exceeded the $30 billion level.

Nine-month total revenue reached 151.5 billion lira. In the same period, investments increased 228 percent compared to the same period of the previous year, reaching $684 million. EBITDA grew 38 percent to reach 40.6 billion lira, while EBITDA margin rose by 190 basis points compared to the same period last year to reach 26.8 percent. Trade receivables declined 11 percent compared to year-end of the previous year. Per capita revenue on a dollar basis increased 4 percent.

Among the main components of revenue were air defense, radar, electronic warfare systems, underwater systems, artificial intelligence-supported urban security, guided ammunition, electro-optical and communications technologies. The ratio of new contracts received to sales increased to 4.4 in the third quarter.

The first phase of the Oğulbey Technology Hub, whose foundation was laid, became operational during this period; the Guided Ammunition Systems Production Center was also commissioned.