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Turkey Is Planning To Increase Defense And Aerospace Exports By $10.2B

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Turkey Is Planning To Increase Defense And Aerospace Exports By $10.2B

TOPSHOT – Turkish army tanks gather close to the Syrian border on January 21, 2018 at Hassa, in Hatay province / AFP PHOTO / BULENT KILIC (Photo credit should read BULENT KILIC/AFP/Getty Images)

Turkey is planning to boost its defense and aerospace exports up to $10.2 billion by 2023, the country’s “Strategic Plan 2019-2023” which was released by the defense procurement agency (SSB) revealed.

Last year, Ankara made $2 billion from exports related to its defense and aerospace sector. The country is not only looking to quintuple this number in four years, but also to rise the annual revenue of the sector from $6.7 billion in 2018 to $26.9 billion by 2023.

According to a report released by Defense News on December 10, Turkey will restructure its defense export incentive system as a part of the plan. The SSB will also launch a government to government sales scheme in 20 countries.

Furthermore, Ankara is planning to adopt a new procurement model; prioritizing programs that minimize dependency on foreign-made systems; and supporting models that bolster the country’s ability to compete in high-tech markets internationally.

Turkey’s President Recep Tayyip Erdogan has been working since 2002 to boost the country’s defense industry. In the last few years, Ankara moved beyond its traditional relation with U.S. defense companies, improving cooperation with Europe, China, Ukraine and even Russia.

Turkey is hoping that by 2023, domestic industry will meet 75 percent of military requirements. These goals maybe harder than what Ankara is anticipating, especially with the country’s economic crisis and the deteriorating relations with the U.S.

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